GMX trades sideways as volatility in the broader market hasn't translated to massive on-chain perp volume today.
What's Happening:
$GMX flat at $8.10.
Competition from Hyperliquid and others is stiff.
Fees are steady but not growing exponentially anymore.
Arbitrum ecosystem drag affecting price.
Why It Matters: GMX was the darling of the bear market. It needs to innovate to stay ahead in the bull (or crab) market.
Technical View: Stuck in a range. $8.00 support. $8.50 resistance. Needs a catalyst.
🎯 Key Levels:
Support: $8.00 | Resistance: $8.50
24h Range: $8.05 - $8.15
💡 The house always wins, but which house?
What's your take? Drop a 🔥 for bullish, ❄️ for bearish 👇
#GMX #Perps #DeFi #Arbitrum #Crypto
Disclaimer: This content is for educational purposes only and should not be considered financial advice. Always do your own research (DYOR) before making any investment decisions.
