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- 1 ImmutableX price prediction (COINBASE: IMX) shows the price facing resistance and might be on the verge of dragging itself downwards.
- 2 The ImmutableX coin price increased by 8.15% over the past week.
- 3 At press time, ImmutableX is trading at $0.7650, and the 52-week price range is $0.5572 – $1.5910.
The maximum market cap of ImmutableX (IMX) is $1,535,554,517, which is the fully diluted valuation (FDV) of the token. This is based on the assumption that all 2 Billion IMX tokens are circulating today. However, the actual FDV may take several years to reach, depending on how the IMX tokens are distributed over time. This information is from CoinGecko, a crypto data and information website.
ImmutableX crypto surged 2.34% in market value and plummeted by 5.42% in trading volume in the last 24 hours, per Coinmarketcap, which is a crypto data and info website. Its market value is $826,980,352 and its trading volume is $26,707,713. There are 1,081,888,200 IMX in circulation.
ImmutableX (IMX) open interest is $28.57 Million. As per Coinglass, it fell by 11.01% in the previous session. The long versus short ratio for 24 hours is 0.9631. The total number of short positions added in the last 24 hours is significantly $8.56K against longs of $32.80K.
Moreover, the IMX Coin has shown a good performance this month, as it is up by 3.20% but it is down by 5.13% in the past six months. The year-to-date return of IMX price is positive with a 100.21% incline.
ImmutableX Price Technical Analysis in 1-D Timeframe
The IMX coin price (COINBASE: IMX) followed the support and resistance trend lines closely. At the time of writing, the IMX price is trading at $0.7650, after rebounding and rising sharply.
However, the IMX price faced resistance and is moving downwards. Moreover, in the long-term view, the IMX coin may be forming a bullish pattern, which is a falling broadening wedge and may be near its completion.
Therefore, if the IMX price maintains the current market price level, then it may go upwards and break out of the pattern, reaching the targets of $0.8388 and $1.0863.
On the other hand, if the IMX price meets rejection from the CMP level and drops, then it may reach the closest support levels of $0.5566 and $0.3756.
ImmutableX crypto price (IMX) is above the 20 and 50-day EMA’s (Exponential Moving Average). The EMA is acting as support, pushing the price up. Therefore, ImmutableX price prediction suggests the coin price could rise more, over the one-day time frame.
The MACD line at 0.0090 and the signal line at 0.0062 are above the zero line and a bullish crossover is observed in the MACD oscillator. The current value of the RSI is 57.51 points, and the 14 SMA is at 52.91 points. The RSI line took support and is headed for the overbought zone. Hence, the ImmutableX price prediction suggests the coin price is bullish.
Conclusion
The ImmutableX coin chart shows investors are bullish regarding the coin in the 1-D time frame. The price action shows a bullish outlook at the time of publishing. Technical parameters of ImmutableX coin price (COINBASE: IMX) also support the bullish trend. The major indicators are giving positive signals and imply that the uptrend may continue. Hence, as per ImmutableX price prediction, the coin is bullish.
Technical Levels:
- Support levels: The nearest support levels are $0.5566 and $0.3756.
- Resistance levels: The nearest resistance levels are $0.8388 and $1.0863.
Disclaimer
In this article, the views and opinions stated by the author or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
