ImmutableX Price Prediction for Today, March 17: IMX/USD Recovers near $1.50, More Gains Incoming?

The ImmutableX price prediction shows that IMX is changing hands at $1.42 as the technical indicator moves into the overbought region.

ImmutableX Prediction Statistics Data:

• ImmutableX price now – $1.42
• ImmutableX market cap – $1.22 billion
• ImmutableX circulating supply – 868.5 million
• ImmutableX total supply – 2.0 billion
• ImmutableX Coinmarketcap ranking – #44

IMX/USD Market

Key Levels:

Resistance levels: $1.75, $1.85, $1.95

Support levels: $0.95, $0.85, $0.75

IMX/USD has been working on its recovery. At the time of writing, the ImmutableX (IMX) price is hovering at $1.42, with 18.97% in the green. However, the ImmutableX (IMX) is seen heading toward the upper boundary of the channel; the bullish rally may continue to play out.

ImmutableX Price Prediction: IMX May Create Additional Gains

The ImmutableX price is yet to clear the hurdles above the channel. Instead, the bears are trying to force their way back toward the south. Therefore, a break below the $1.00 support level may provoke an even deeper decline toward the $0.95, $0.85, and $0.75 support levels. Looking at the Relative Strength Index (14), ImmutableX may continue to follow the upward trend as the signal line crosses above the 70-level respectively.

Moreover, if the bulls can gather enough strength and push the market above the upper boundary of the channel, then the price could hit the resistance levels of $1.75, $1.85, and $1.95 respectively. So, further movement above these key resistance levels should, therefore, encourage more buying.

Meanwhile, when compares with Bitcoin, the ImmutableX price is moving well above the 9-day and moving averages in other to reach the resistance at 5500 SAT. Unless this resistance is effectively exceeded and the price ends up closing above it, there might not be any reason to expect a long-term bullish reversal.

However, sliding toward the lower boundary of the channel could refresh lows under 5000 SAT, and a possible bearish continuation may likely meet the major support at 4000 SAT and below, while the buyers may push the coin to the potential resistance at 6500 SAT and above. Moreover, the Relative Strength Index (14) moves above the 60-level, suggesting bullish movement.

Alternatives to ImmutableX

For the past few days, the ImmutableX price has been facing the upside to the extent of moving toward the upper boundary of the channel. However, the technical indicator Relative Strength Index (14) is moving to cross above the 70-level in an attempt to probably move into the upside. However, traders and investors are to understand that 90% of the LHINU supply will be sold in presale and this is to ensure the community holds the majority of the tokens. Meanwhile, 10% is reserved for liquidity, listing fees, and community rewards. You can join the Love Hate Inu movement today to be part of a community that cares about your opinion and rewards you for it! In the ongoing presale, close to $1 has been achieved so far.