In the middle of the feeling of the lowering market, the native token of immutable, IMX, has reached a level of crucial support of $ 1.05 and is ready for a significant increase. According to IMX Daily table, this level of support has always been favorable to Altcoin, often triggering an ascending dynamic.
Immuble technical analysis (IMX) and future level
Since July 2024, IMX has reached this level more than six times, and each time, it has witnessed an impressive rise. Given its historical prize movement, experts and analysts expect a type of rally similar to the future.
In addition, IMX is negotiated below the exponential mobile average (EMA) over the daily time, indicating a downward trend.
Price prediction IMX
Based on the recent price share, if IMX is more than $ 1.00, there is a high possibility that it can rise by 60% to reach the level of $ 1.70 in the coming days. IMX also witnessed a bullish divergence over its daily time, indicating a perfect opportunity for a price reversal.
Significant transaction volume increases to 360%
With this strong bullish price action, long-term holders and cryptocurrencies have shown significant participation in the token, as revealed by the Intotheblock chain analysis company. According to data, the large volume of IMX transactions jumped 360% in the last 24 hours.
Main liquidation zones
To date, the main levels of liquidation are nearly $ 1.02 on the lower side and $ 1.105 on the upper side, with merchants over-placed at these levels, as reported by the analysis company on chain Rinsing.
The data also reveals that if the feeling of the market remains unchanged and that the price of IMX falls below the level of $ 1.02, nearly $ 365,380 in long positions will be liquidated. Conversely, if the feeling changes and the price rises to $ 1.105, around $ 425,170 in short positions will be liquidated.
During the combination of these chain measures with a technical analysis, it seems that investors are optimistic, but the traders intraday capitalize on the current feeling of the market and seem to be strongly strewn on the bearish side.