Cryptocurrencies Price Prediction: GMX, Celestia & Cryptos – American Wrap 3 January
GMX price crashes nearly 27% in a day to jeopardize a potential 48% rally target
The anticipation surrounding the approval of the spot Bitcoin ETFs has given not just BTC but altcoins a bullish push over the last weeks, too evident in the GMX price action. The altcoin is witnessing a breakout from a bullish pattern, which sets the target price of the cryptocurrency at $80. However, Wednesday´s price action could jeopardize GMX bullish potential.
Celestia (TIA) price currently sits at a key barrier of $12.93. Hence, the next move could make or break the altcoin. Investors should note that a breakdown of this support structure could trigger a steep correction.
With 2024 expected to be a bullish year, the number of scams and attempts and, if not prevented, the losses would be exceptional, too. But as much as it is the developers' responsibility to ensure that their protocol is technically sound, it also falls on the people to make sure that they remain alert towards any suspicious activity.
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