ImmutableX Price Prediction for Today, December 1

ImmutableX Price Prediction for Today, December 1 – IMX Technical Analysis

Updated: 01 December 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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The ImmutableX price prediction shows that IMX is changing hands at $1.43 as the coin moves toward the upper boundary of the channel.

ImmutableX Prediction Statistics Data:

ImmutableX price now – $1.43
ImmutableX market cap – $1.8 billion
ImmutableX circulating supply – 1.2 billion
ImmutableX total supply – 2.0 billion
ImmutableX CoinMarketCap ranking – #37

IMX/USD Market

Key Levels:

Resistance levels: $1.80, $1.85, $1.90

Support levels: $0.95, $0.90, $0.85

ImmutableX Price Prediction for Today, December 1 – IMX Technical Analysis — IMXUSD – Daily Chart

IMX/USD has been working on its recovery as the coin moves to cross above the 9-day and 21-day moving averages. At the time of writing, the ImmutableX (IMX) price is hovering at $1.43, with 12.22% in the green. However, IMX/USD is seen heading toward the upper boundary of the channel as 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 $1.25 support level may provoke an even deeper decline toward the $0.95, $0.90, and $0.85 support levels. Looking at the 9-day and 21-day Mas, ImmutableX may continue to follow the upward trend as the indicator shows that more bullish signals are likely to play out.

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 $1.80, $1.85, and $1.90 respectively. However, any further movement above these key resistance levels should, therefore, encourage more buying.

IMX/BTC Spikes to the Upside

Against Bitcoin, the ImmutableX price is moving well above the 9-day and 21-day moving averages in other to reach the resistance at 3800 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.

Meanwhile, sliding toward the lower boundary of the channel could refresh lows under 3600 SAT, and a possible bearish continuation could meet the major support at 2600 SAT and below, while the buyers may push the coin to the potential resistance at 3200 SAT and above. Moreover, the 9-day MA remains above the 21-day MA, suggesting bullish movement.

ImmutableX Alternatives

The ImmutableX price has experienced a remarkable price increase of 12.22% over the past 24 hours. In the IMX/USD pair, the bullish momentum could persist if the red line of the 9-day moving average remains above the green line of the 21-day moving average. Meanwhile, the bulls are dominating the market, emphasizing the current favourability of the bullish trend.

On that note, investors are encouraged to consider opportunities in ImmutableX (IMX), a cryptocurrency with a $1.8 billion market cap, and Bitcoin Minetrix, a promising low-cap token with over $4.6 million in the initial coin offering. While high-market-cap coins like IMX provide stability, the potential for significant gains is seen in low-cap options like Bitcoin Minetrix.

New Crypto Mining Platform - Bitcoin Minetrix

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