IMX/USD Moves Near $0.75, Watch Out for the Next Move

The ImmutableX price prediction shows that IMX is changing hands at $0.72 as the technical indicator moves to the upside.

ImmutableX Prediction Statistics Data:

• ImmutableX price now – $0.72
• ImmutableX market cap – $787.3 million
• ImmutableX circulating supply – 1 billion
• ImmutableX total supply – 2.0 billion
• ImmutableX Coinmarketcap ranking – #53

IMX/USD Market

Key Levels:

Resistance levels: $0.95, $1.05, $1.15

Support levels: $0.55, $0.45, $0.35

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 $0.72, with 1.57% 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 $0.65 support level may provoke an even deeper decline toward the $0.55, $0.45, and $0.35 support levels. Looking at the Relative Strength Index (14), ImmutableX may continue to follow the upward trend as the signal line moves to cross above the 50-level.

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 $0.95, $1.05, and $1.15 respectively. However, any further movement above these key resistance levels should, therefore, encourage more buying.

When compares with Bitcoin, the ImmutableX price is moving well above the 9-day and moving averages in other to reach the resistance at 2500 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.

Nevertheless, sliding toward the lower boundary of the channel could refresh lows under 2400 SAT, and a possible bearish continuation may likely meet the major support at 1900 SAT and below, while the buyers may push the coin to the potential resistance at 3200 SAT and above. Moreover, the Relative Strength Index (14) moves above the 50-level, suggesting bullish movement.

Alternatives to ImmutableX

The ImmutableX price is showing positive movement as the market moves to cross above the 9-day and 21-day moving averages. Apart from this, the IMX price still needs to head toward the upper boundary of the channel and traders can expect the price to continue to rise as soon as this is done.

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