GMXUSDT Price Surge Signals Short-Term Bullish Momentum
I am observing a positive trend in #GMXUSDT with a current pump. The price has increased by 2.53%, reaching approximately ₮20.38, up from roughly ₮19.877. The rapid change within just about 52 seconds indicates significant recent buying pressure.
The trading volume over the last 3 minutes is 5.44 million, with a total 24-hour volume of 200 million. The ratio of 3-minute volume to 24-hour volume is 13.0, suggesting a notable short-term surge in trading activity, possibly driven by trader enthusiasm or market momentum.
This sharp movement and high relative volume typically imply a short-term bullish momentum or an ongoing rally. Such quick increments can be a sign of a breakout, but they also require caution as rapid pumps may reverse quickly without proper support levels.
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