- The trading volume of IMX crypto has dropped by 30% in the past 24 hours.
- Immutable token price has surged by 250% in the last 3 months.
On a wider time frame, the Immutable (IMX) crypto price has been bullish and surged by 360% since October. With this bull run, the IMX crypto price reached a 52-week high and further, it dropped by 30% in a month. But, in the past two weeks, the IMX price has witnessed buying pressure and jumped by 34.80%.
Over time, the cryptocurrency’s performance has fluctuated. Year-to-date it generated negative returns of 7.43% and a gain of 161.90% in 6 months. It had a negative return of 7% over the past month and a gain of 5.90% over the last seven days. That suggests that volatility is high.
Additionally, the IMX cryptocurrency technical summary on trading view indicators shows a neutral signal since, of the 26 analysts, 7 are pointing to buy signals, 13 are neutral, and 9 are pointing to sell signals. On the neutral side is the maximum weight. According to the technical description, neither bulls nor bears are properly grasping the price.
Will Immutable Price Remain Profitable?
At the time of writing, the Immutable crypto price is trading at $2.30 with an intraday gain of 4.18%. The market capitalization of Immutable crypto is $3.12 Billion and according to the market cap, it ranks 27th in the cryptocurrency market. The 24-hour trading volume is $76.79 Million with a fall of 20%.
Currently, the Immutable crypto price is heading toward the last-swing high. If the IMX token price fails to sustain the $2.50 mark, sellers may become active and the price may melt to the 100-Day moving average.
On the other hand, if the Immutable price rises and surpasses the resistance level of $2.50, buying pressure can be initiated.
Immutable Price Forecast For Tomorrow and Next Week
Date | Price | Change |
Feb 08, 2024 | $2.26 | 0.00% |
Feb 09, 2024 | $2.39 | 5.81% |
Feb 10, 2024 | $2.42 | 7.13% |
Feb 11, 2024 | $2.29 | 1.63% |
Feb 12, 2024 | $2.09 | -7.34% |
Feb 13, 2024 | $2.15 | -4.71% |
Feb 14, 2024 | $2.35 | 4.00% |
Based on the positive and negative patterns of the previous 30 days, the Immutable X price prognosis for the future 30 days is projected. These Immutable X estimates indicate that on February 14, 2024, IMX will trade for $ 2.35, gaining 4.00%.
Immutable Price Prediction FAQs
What is the IMX price prediction today?
Immutable price is forecasted to gain 5.24% to hit $2.32 by tomorrow.
What is the IMX token price forecast for tomorrow?
According to our analysis, the Immutable crypto price is predicted to gain 4.21% to reach $2.39 by tomorrow.
What is the current IMX price sentiment?
The current IMX price prediction sentiment is bullish according to our technical analysis.
What is the Immutable price prediction for this week?
The IMX token price is expected to perform positively and may consolidate between $2.19 and $2.62 by this week.
Summary
Based on the analysis, the Immutable (IMX) crypto price has been bullish in the past and has surged considerably. However, the price is volatile and prone to fluctuations. At the time of writing, IMX crypto is trading at $2.30 with an intraday gain of 4.18%. The IMX price is heading toward the last-swing high, and if it fails to sustain the $2.50 mark, sellers may become active, and the price may melt to the 100-Day moving average.
Technical Levels
Resistance: $2.30 & $2.50
Support: $1.80 & $1.20
Disclaimer
Investing in cryptocurrencies and other Initial Coin Offerings (“ICOs”) is especially volatile and speculative, and this article does not advise investing in cryptocurrencies or other ICOs. Since everyone is unique, a certified professional should be continually consulted before making any economic decisions.