GMX is currently trading around $8.03 and displaying an interesting technical setup—a falling wedge pattern is taking shape on the charts. This pattern typically signals consolidation before a potential breakout. If buying pressure sustains and breaks through resistance, the next target could land near $9.60. The setup suggests traders are watching for that momentum trigger. Technical patterns like these often grab attention in the crypto market, especially when price action aligns with broader market sentiment.
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BearMarketMonk
· 2h ago
Falling wedge breakout? Old trick. Every time they say the target price is 9.6, but what’s the result?
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MoodFollowsPrice
· 14h ago
Falling wedge... back at it again. Whether $9.60 can be broken depends on whether retail investors dare to buy in.
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LiquidatorFlash
· 14h ago
Wedge breakout? Only a 20% gain from 8.03 to 9.60, can this risk collateral ratio hold up?
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AirdropHunterKing
· 14h ago
Ha, another falling wedge. I've seen this move many times. Brothers who bought in at 8 bucks, hang in there!
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DAOTruant
· 14h ago
Wait, can this falling wedge really break $9.6? It seems like many people are watching this level.
GMX is currently trading around $8.03 and displaying an interesting technical setup—a falling wedge pattern is taking shape on the charts. This pattern typically signals consolidation before a potential breakout. If buying pressure sustains and breaks through resistance, the next target could land near $9.60. The setup suggests traders are watching for that momentum trigger. Technical patterns like these often grab attention in the crypto market, especially when price action aligns with broader market sentiment.