- IMX coin price is currently on a halt and can soon see a strong upside trend in the future. Meanwhile, it has seen a gain of more than 2% in the intraday session.
- Technical indicators of Immutable X suggest a downside trend for the price. Meanwhile, IMX/BTC pair suggests a bearish momentum in price
Why Invest In IMX Coin?
IMX Coin price has been observing a consolidated pattern in the daily chart and can soon revert to a breakout. Immutable X coin cost is presently exchanging close to the worth of $4.87 and has seen a loss of more than 0.5%..Immutable X has been the principal layer-2 scaling answer for NFTs on Ethereum, with moment exchange affirmation, great adaptability, zero gas expenses, and good for its users in the era. James Ferguson alongside his sibling who has been the engineer of different multi billion dollar businesses is the cerebrum behind the venture. The resource is an ERC-20 utility token and for the various conventions. There are around 2 Billion tokens right now on the lookout. One can put resources into IMX according to their necessities and risk limit.
IMX coin cost is at present positioned 91th in the CMC and has a market strength of less the 0.01%. The volume of the coin has been observing a downside surge and can soon see a new high in the future. The volume to market cap proportion of the resource suggests a strong upside potential for the asset
Technical Indicators Of IMX Coin Price Hints Towards A Bearish Momentum
The weekly technical chart of the coin price hints towards a downside momentum in the price for the future. On coming to the daily chart, the asset price has been on a consolidated trend. The bullish momentum of the Immutable X might see a potential halt near $9. The downside momentum of the coin might observe a bounceback near $3. If the coin price sees an upside momentum of 15 to 20% then a strong upside trend can be seen. IMX /BTC pair might also see a downside trend in the upcoming days
Conclusion
IMX coin price has been on a bearish move but can soon see a strong upside trend in the future. IMX/BTC pair might also see a new high in the future
Technical Levels
Major Support: $3
Major Resistance:$9