Immutable X Price Prediction for Today, June 1: IMX/USD Could Hit $1.00 Level

Updated: 20 June 2023

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The Immutable X price prediction shows that IMX touches the resistance level of $0.75 and might rally further toward the $1.00 level.

Immutable X Prediction Statistics Data:

Immutable X price now – $0.74
Immutable X market cap – $684.3 million
Immutable X circulating supply – 914.1 million
Immutable X total supply – 2 billion
Immutable X Coinmarketcap ranking – #64

IMX/USD Market

Key levels:

Resistance Levels: $1.40, $1.45, $1.50

Support Levels: $0.20, $0.15, $0.10

Immutable X Price Prediction for Today, June 1: IMX/USD Could Hit $1.00 Level — IMXUSD – Daily Chart

IMX/USD looks green today as the price hovers around the resistance level of $0.74. A daily close above the upper boundary of the channel may increase the Immutable X price to the resistance level of $1.00. However, traders should note that a consistent price increase could bring more buyers into the market as bulls increase their positions.

Immutable X Price Prediction: IMX/USD May Begin to Move Higher

Looking at the daily chart, if the Immutable X price remains above the 9-day moving average, it is likely to break above the upper boundary of the channel. However, the daily chart reveals that if the 9-day moving average crosses above the 21-day moving average, it will confirm the presence of the bulls in the market. Meanwhile, if the bulls failed to push the coin to the upside, the bears may take advantage and bring the market price toward the lower boundary of the channel

However, the technical indicator Relative Strength Index (14) is likely to cross above the 50-level. If the Immutable X price crosses above the upper boundary of the channel, it may locate the resistance levels at $1.40, $1.45, and $1.50 but sliding toward the lower boundary of the channel may bring the price to the supports at $0.20, $0.15, and $0.10.

Against Bitcoin, the Immutable X price is moving to cross above the 9-day moving average. Meanwhile, if the coin crosses above the upper boundary of the channel, it could hit the resistance level at 4000 SAT and above.

On the contrary, if the sellers bring the market to the south, traders can expect a fall toward the lower boundary of the channel, and a support level of 1600 SAT and below could be found. Meanwhile, the technical indicator Relative Strength Index (14) remains above the 40-level, suggesting a bullish movement for the coin.

ImmutableX Alternatives

The Immutable X price has been working on its recovery as it is hovering at $0.74, with 2.84% in the green. However, the market price is likely to cross above the upper boundary of the channel so that the bullish rally may continue to play out. Moreover, if the bulls can gather enough strength and push the market above the upper boundary of the channel, then the coin may create additional gains. However, the fact that the Wall Street Memes presale has already raised over $2 million in funding has managed to catch the eye of prominent crypto influencers. Meanwhile, despite these encouraging events for the Wall Street Memes presale, the token’s success will primarily be driven by the strength of its community.

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