GMX is the governance and utility token for the GMX decentralized spot and perpetual exchange, supporting low‑fee, zero price‑impact trading on Arbitrum, Avalanche and other chains.
The token trades around $7–$8 USD (~৳980–৳1,100) with a market cap near hundreds of millions, far below its all‑time high (~$90 +), reflecting long‑term correction from peak demand.
Recent price movement shows mild rebounds and consolidations with mixed technicals — holding key pivot levels (~$7.16) but still facing broader crypto weakness.
Catalysts include ongoing DAO governance votes on budgets and token buybacks that may support stakers, while competition from newer perpetual DEXs adds pressure.
Traders watch support near recent lows and resistance around short‑term averages; macro sentiment and DeFi demand will be key drivers.
GMXUSDT
Perp
6.275
+1.85%