Immutable Price Prediction: IMX Coin Plunges 5% As Novel Meme Coin Rakes In $2.25 Million In Funding – Next PEPE Or Shiba Inu?

ByLockridge Okoth

Updated: 30 November 2023

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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Immutable price is down 5% in the last day to trade for $1.2706 as of 1:15 a.m. EST, alongside a 13% drop in trading volume.

This comes ahead of an event in the IMX ecosystem that’s considered a bearish catalyst. It explains the volatility seen in the Immutable market and the slump. Based on the network’s vesting calendar, the project has a linear unlocks event slated for December 1.

Meanwhile, MK, a new crypto presale, is making headlines, with its record of accomplishment posing a threat to veterans in the meme coin industry, such as PEPE and Shiba Inu. It is among the best five crypto presales to buy now, alongside TGC, BTCETF, and BTCMTX, with experts anticipating 10X growth potential.

Immutable Price Outlook Ahead Of Linear Unlocks Event

Measured from a market range from $0.4859 to $1.5090, Immutable price has slipped below the 79% Fibonacci retracement level of $1.2941. Based on technical indicators, more downside potential is still expected, with momentum still falling, as indicated by the Relative Strength Index (RSI) moving south.

Also, the Awesome Oscillator (AO) shows red histogram bars as the bears steadily gain ground in the IMX market.

With this outlook, increased seller momentum could see Immutable price drop further, tagging the 70.5% Fibonacci retracement level at $1.2072. Past this level, the price could test the most important Fibonacci level of 61.8% at $1.1182. A break and close below this base would confirm the continuation of the downtrend.

In highly bearish conditions, the dump could extend for Immutable price to test the 50% Fibonacci level at $0.9974. Losing this support level could send the price toward the 50-, 100, and 200-day Simple Moving Averages (SMAs) at $0.9129, $0.7366, and $0.7253 levels, respectively.

On the other hand, a resurgence by the bulls could see Immutable price correct, pushing north and restoring above the 79% Fibonacci level of $1.2941. In a highly bullish case, it could fill the market range, reclaiming the $1.5090 local top, or in highly ambitious cases, extend a neck up to the range high at $1.5900.

Regardless of what happens in the IMX market, you should not miss out on the latest meme coin frenzy that’s being whipped up by MK. This stake-to-earn project has garnered the support of many investors and analysts as it continues to smash past key records.

Promising Alternative To Immutable

MK, the ticker for the Meme Kombat ecosystem, is the hottest meme coin presale in the market today, presenting as a formidable new competitor for SHIB, WSM, and PEPE.

The token is selling for only $0.214, with $2.278 million already in the bag, out of the $2.5 million target. This price tag will not hold for long, as there are only two hours left as of press time.

Just 12 hours left at $0.214 in the $MK presale! 😬

Ensure you secure your $MK before it's too late. The overall value is on the rise – don't miss out! pic.twitter.com/zYGvXxAR7y

— Meme Kombat (@Meme_Kombat) November 30, 2023

Meme Kombat is an innovative new gaming platform. There are many rewards for users, with options spanning from active betting to passive staking. Stakers enjoy Annual Percentage Yields (APY) as high as 390%, with 70% of the supply already staked.

📣 Major Update 📣

The Meme Kombat Staking Dashboard is officially live and ready to be used by you!

Take a break from Kombat and visit the staking dashboard here: https://t.co/nNFEYESjPs pic.twitter.com/yswl0esb4G

— Meme Kombat (@Meme_Kombat) November 9, 2023