ImmutableX Price Prediction for Today, November 5

ImmutableX Price Prediction for Today, November 5 – IMX Technical Analysis

Updated: 05 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.

Join Our Telegram channel to stay up to date on breaking news coverage

The ImmutableX price prediction shows that IMX touches the resistance level of $0.82 and might rally further above the channel.

ImmutableX Prediction Statistics Data:

ImmutableX price now – $0.76
ImmutableX market cap – $1 billion
ImmutableX circulating supply – 1.2 billion
ImmutableX total supply – 2 billion
ImmutableX Coinmarketcap ranking – #48

IMX/USD Market

Key levels:

Resistance Levels: $0.90, $0.95, $1.00

Support Levels: $0.60, $0.55, $0.50

ImmutableX Price Prediction for Today, November 5 – IMX Technical Analysis — IMXUSD – Daily Chart

IMX/USD is trading bullishly as the price hovers around the resistance level of $0.76 and a daily close above the upper boundary of the channel may increase the ImmutableX price to touch another resistance level of $0.85. However, traders should note that a consistent price increase could bring more buyers into the market as bulls increase their positions.

ImmutableX Price Prediction: IMX/USD Begins the Upward Movement

According to the daily chart, if the ImmutableX price remains above the 9-day moving average; it is likely to reclaim the resistance level of $0.82. However, the daily chart reveals that if the 9-day moving average stays above the 21-day moving average, this could also confirm the presence of the bulls in the market. Meanwhile, if the bulls failed to push the coin to the upside, the bears could take advantage and bring the market price toward the lower boundary of the channel

Nevertheless, if the ImmutableX price crosses above the upper boundary of the channel, it may locate the resistance levels at $0.90, $0.95, and $1.00 but sliding toward the lower boundary of the channel may bring the price to the supports at $0.60, $0.55, and $0.50.

IMX/BTC Bulls Regains Strength

Against Bitcoin, the ImmutableX price is moving to cross above the upper boundary of the channel. Meanwhile, if the coin crosses above the channel, it could hit the resistance level at 2800 SAT and above.

On the contrary, should the sellers bring the market below the 9-day and 21-day moving averages, traders can expect a fall toward the lower boundary of the channel, and a support level of 1600 SAT and below could be found.

ImmutableX Alternatives

The ImmutableX price continues to demonstrate a strong bullish trend, surging to a fresh daily high as it approaches the resistance level of $0.85. At the moment, the coin is trading at $0.76 but still maintaining a bullish trajectory above both the 9-day and 21-day moving averages. However, If the coin were to dip below these moving averages, it might invite sellers into the market, but optimistic buyers seem poised to capitalize on any price downturns.

Meanwhile, with a market capitalization of $1 billion, ImmutableX stands out in the cryptocurrency space. It’s not typical for tokens with such a significant market cap to witness explosive gains while tokens like Bitcoin Minetrix, with its current presale price, have the potential for substantial price surges. $BTCMTX token is ideally positioned to seize the opportunity for substantial growth, not only in a general market context but also when considering the fundamentals of the Bitcoin protocol, particularly within the mining sector. However, the token has already achieved a significant milestone by raising over $3.3 million in its ongoing presale stage.

New Crypto Mining Platform - Bitcoin Minetrix

Rating