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The ImmutableX price prediction shows that IMX is changing hands at $2.39 as the technical indicator moves to the north.
Immutable X Experienced a -26.62% Decline in the Last Month and is Forecasted to Reach $ 2.94 by Apr 29, 2024
Our Immutable X price prediction indicates a potential rise of 30.11% in the next 5 days. Immutable X achieved its highest-ever price on Nov 05, 2021, with IMX reaching $14.02. Presently, IMX’s cycle high stands at $2.39, while the low is recorded at $2.17. Recent activity shows high volatility, with a 1-month volatility rate of 15.16. Over the last 30 days, Immutable X has experienced 14 days of positive growth.
ImmutableX Prediction Statistics Data:
- ImmutableX price now – $2.39
- ImmutableX market cap – $3.28 billion
- ImmutableX circulating supply – 1.4 billion
- ImmutableX total supply – 2.0 billion
- ImmutableX Coinmarketcap ranking – #35
IMX/USD Market
Key Levels:
Resistance levels: $3.50, $3.70, $3.90
Support levels: $1.25, $1.05, $0.85
IMX/USD has been working on its recovery. At the time of writing, the ImmutableX (IMX) price is hovering at $2.39, with 10.17% in the green. However, IMX/USD 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 moving average. Instead, the bears are trying to force their way back toward the south. Therefore, a break below the $2.00 support level may provoke an even deeper decline toward the $1.25, $1.05, and $0.85 support levels. Looking at the moving averages, ImmutableX may continue to follow the upward trend as the 9-day MA could make a bullish cross above the 21-day MA.
Nonetheless, 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 $3.50, $3.70, and $3.90 respectively. So, further movement above these key resistance levels should, therefore, encourage more buying.
IMX/BTC Faces the North
Against Bitcoin, the ImmutableX price is moving well within the 9-day and 21-day moving averages in other to reach the resistance at 4000 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 2500 SAT, and a possible bearish continuation may likely meet the major support at 2000 SAT and below, while the buyers may push the coin to the potential resistance at 5000 SAT and above.
Meanwhile, @AlienOvichO, with a following of over 4k on X (formerly Twitter), shared analysis on #ImmutableX $IMX. Noting a support level at $1.8 for a potential weekly reversal, the price is poised for an upward trajectory from this point onward!
#ImmutableX $IMX Found support around $1.8 for a weekly reversal and price will be looking for the next leg higher from here !! pic.twitter.com/Q27Ls5PpqN
— AlienOvichO (@AlienOvichO) April 22, 2024
ImmutableX Alternatives
The ImmutableX price shows positive momentum nearing the 21-day moving average, suggesting potential bullish trends. However, a bearish scenario may occur if the price falls below the channel’s lower boundary. ImmutableX (IMX) holds the 35th position in the crypto market with a $3.28 billion market capitalization, limiting its growth potential. Conversely, $DOGEVERSE, with over $10.5 million gathered in its presale phase, attracts investor interest for its promising growth prospects in the cryptocurrency realm.
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