GMX/USDT Process Upward for facing the key resistance, Breakout?

💎 GMX has undoubtedly been a focal point in the market, especially as it approaches a key resistance area that has historically been pivotal for its price action. This resistance level has consistently posed a challenge for GMX, often leading to hard rejections upon each attempt to breach it.

💎 If GMX can successfully navigate through and break out of this area, there's a substantial chance we could witness a significant upward movement, Probability with the next objective being the Bearish OB area.

💎 However, if GMX is unable to surpass this resistance and instead enters a phase of consolidation at this level, it may face another setback. Such a development could see GMX reversing its course, moving back towards its support area.

💎 The support area, characterized by a bullish trendline, becomes crucial in this scenario. It acts as the last line of defense for GMX's bullish momentum. If GMX fails to rebound upon reaching this support or breaks below it, it could signal a shift in trend toward bearish territory. This failure to uphold the support level could lead to a descent towards a stronger, lower support area.