<ul><li>GMX&#39;s price surges fueled by a $3.7M withdrawal from Binance according to Lookonchain analytics.</li><li>Daan Crypto Trades noted GMX is up 2x from its bottom, trading above the 200-day MA, with $41 as crucial support.</li><li>Analysts emphasize maintaining key support levels and targeting higher resistance points for further gains.</li></ul>The price of GMX has surged by 20% today, marking a significant upswing in its value. Lookonchain, an on-chain analysis platform, <a href="https://x.com/lookonchain/status/1798644530251751833" rel="noopener noreferrer nofollow">reported this surge</a> following a fresh wallet’s withdrawal of 84,515 GMX, equivalent to $3.7 million, from Binance. This substantial withdrawal signals increased investor confidence and heightened trading activity.<img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXePDOrCf0AmNhLv0EOG_a5HLc0cug0z0RTnSliNrUk328SoiXMhsLC94zouzuraQMmCINlgl10tZs0G9OskB_u1K1esJ2d3g6J4980k9Jx6OixFIbl7YrSPJcsPg1EifqoWpN2cDBuuLF0v2NY8b9aceLI?key&#61;rgJcYZPooZ8YkjrtdMCqqw" />Crypto analyst Daan Crypto Trades highlighted GMX&#39;s performance as &#34;run it back turbo mode.&#34; The crypto has doubled from its recent bottom, now trading above the daily 200-day moving average (MA/EMA). Daan Crypto emphasizes the importance of maintaining support around $41, with a potential target of $60, reflecting <a href="https://cryptotale.org/?s&#61;bullish&#43;market" rel="noopener noreferrer nofollow">bullish market</a> sentiment.An analysis of Daan Crypto’s chart for GMX reveals a recent sharp price increase, reflecting solid upward momentum. The current price is around $44.16, with key support at $41 and a resistance target at $60. These levels are crucial for GMX&#39;s future movements, indicating significant psychological and technical points in the market.<a href="https://cryptotale.org/gmx-price-surges-analysts-predict-continued-momentum-amid-binance-withdrawal/" rel="noopener noreferrer nofollow">Read more on CryptoTale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

GMX Price Surges, Analysts Predict Continued Momentum Amid Binance Withdrawal

CryptoTale

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