ImmutableX Price Prediction: IMX May Create Additional Gains
The ImmutableX price prediction indicates that IMX is currently trading at $0.72 and is expected to move higher based on technical indicators. Here are the key points to note:
– ImmutableX’s market cap is $787.3 million, and it has a circulating supply of 1 billion tokens.
– The coin is ranked #53 on Coinmarketcap.
– Resistance levels for IMX/USD are at $0.95, $1.05, and $1.15, while support levels are at $0.55, $0.45, and $0.35.
– IMX/USD is moving towards the upper boundary of the channel, indicating a bullish rally.
– If the price breaks above the channel, it could reach resistance levels of $0.95, $1.05, and $1.15.
– However, a break below the $0.65 support level may lead to a deeper decline towards $0.55, $0.45, and $0.35.
– The Relative Strength Index (14) suggests that ImmutableX may continue to follow the upward trend.
IMXBTC – Daily Chart: Comparing ImmutableX with Bitcoin
When compared with Bitcoin, ImmutableX is performing well above the 9-day and 21-day moving averages. Here are the key points to consider:
– The resistance level for IMXBTC is at 2500 SAT.
– To expect a long-term bullish reversal, the price needs to effectively exceed this resistance and close above it.
– A slide towards the lower boundary of the channel could lead to lows under 2400 SAT.
– Major support levels are at 1900 SAT and below.
– Potential resistance levels are at 3200 SAT and above.
– The Relative Strength Index (14) indicates bullish movement, as it is above the 50-level.
Alternatives to ImmutableX
While ImmutableX shows positive movement, there are also alternative options to consider. The team behind ImmutableX has a successful track record, as they launched the Wall Street Bulls NFT collection in 2021 and sold out in just over 30 minutes. The ongoing presale for the token has raised nearly $18 million.
Hot Take
The ImmutableX price prediction suggests that the coin has the potential for additional gains. However, it is important to closely monitor the support and resistance levels, as they will determine the future price movement. Additionally, considering alternative options in the crypto market can help diversify investment strategies.
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