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
Resistance Levels: $0.90, $0.95, $1.00
Support Levels: $0.60, $0.55, $0.50
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.
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.
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