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The ImmutableX price prediction may continue to show a bullish movement if the market could rise above the $1.15 resistance level.
ImmutableX Price Statistics Data:
- ImmutableX price now – $1.10
- ImmutableX market cap – $957.5 million
- ImmutableX circulating supply – 868.5 million
- ImmutableX Coinmarketcap ranking – #54
IMX/USD Market
Key Levels:
Resistance levels: $1.50, $1.52, $1.54
Support levels: $0.70, $0.68, $0.66
IMX/USD is showing positive movement as the market moves to cross above the 9-day and 21-day moving averages. Apart from this, the ImmutableX price still needs to head toward the upper boundary of the channel and traders can expect the price to continue to rise as soon as this is done.
ImmutableX Price Prediction: IMX Will Shoot to the North
The daily chart shows that the ImmutableX price is attempting to create more positive trends, and traders can expect a bullish continuation which could test the resistance level of $1.15. Moreover, the technical indicator reveals Relative Strength Index (14) is moving to cross above the 50-level which could make the coin locate the potential resistance levels at $1.50, $1.52, and $1.54.
Nevertheless, if the ImmutableX price maintains the rising channel pattern, traders may witness additional bullish trends in the coming trading sessions. Meanwhile, a bearish breakdown could play out for this market if the ImmutableX price withdraws back below the lower boundary of the channel, and this could roll the coin back to the supports at $0.70, $0.68, and $0.66.
Against Bitcoin, the ImmutableX price follows the bearish movement and if the coin touches the support level of 3800 SAT, the market is likely to keep releasing more bearish pressure as the technical indicator Relative Strength Index (14) remains above the 40-level, which indicates that bullish signals are going to play out and traders could see a bull run to the resistance level of 5400 SAT and above.
In other words, if IMX/BTC crosses below the lower boundary of the channel, it may bring the coin to the nearest support at 3000 SAT, and any further bearish movement could lower the price to the support level of 2700 SAT and below.
Alternatives to ImmutableX
For ImmutableX price to continue pushing higher, it is important for bulls to cross above the 9-day and 21-day moving averages. The 9-day MA is still above the 21-day MA as the technical indicator Relative Strength Index (14) is sending moderate signs into the market. However, Love Hate Inu distinguishes itself from other meme coins due to its versatile accurate survey and poll results powered by the Ethereum blockchain – giving it a real-life utility beneficial to the global industry. Meanwhile, the LHINU token has raised up to $2 million in the ongoing presale.
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