$GMX /USDT is compressing after impact.
A sharp expansion to 8.72 was followed by a controlled pullback that respected the 8.46 demand zone. Price is now hovering near 8.54, where buyers and sellers are locked in a tight battle under the SAR cap.
Holding above 8.50 keeps recovery potential alive toward 8.62 and 8.70. Losing this level shifts momentum back to the downside and brings 8.46 into play again.
This is not hesitation. It is pressure building. When GMX chooses a side, the move will be swift.
GMXUSDT
Perp
8.092
-1.11%