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ImmutableX’s price forecast shows that IMX is likely to rise above the channel as its price rose 7.72%.
ImmutableX prediction stats:
- ImmutableX price now – $2.47
- ImmutableX market cap – $3.1 billion
- ImmutableX circulating supply – 1.2 billion
- Total supply of ImmutableX – 2 billion
- ImmutableX Coinmarketcap Ranking – #30
IMX/USD market
Key Levels:
Resistance levels: $3.00, $3.20, $3.40
Support levels: $1.85, $1.65, $1.45
IMX/USD is currently changing hands around $2.47 as the coin moves higher. Today’s trading starts with a slight uptrend in the market as the coin moves towards the daily high of $2.57, after which it is currently trading at $2.47. However, traders expect the current price movement to be an indication of the coming price rally in the market.
ImmutableX Price Prediction: ImmutableX gears up for more uptrends
According to the daily chart, the next step for ImmutableX price is to cross the upper boundary of the channel. Once this is done, bulls can now push the coin towards the nearest resistance level of $2.80, which could reach the resistance levels of $3.00, $3.20, and $3.40 respectively.
However, as the 9-day MA is hovering above the 21-day MA, IMX/USD could continue to move north. Once this occurs, buyers may manage to continue the bullish move towards the USD 2.70 and USD 2.80 resistance levels. Meanwhile, if the price decides to make a quick turn south, the support levels can be found at $1.85, $1.65 and $1.45.
IMX/BTC maintains the bullish move
Against Bitcoin, after trading bullishly above the 9-day and 21-day moving averages, ImmutableX price is moving above the upper limit of the channel. At this point, bulls may increase buying pressure as all indicators point to the market moving higher.
In other words, if the bears drag the price below the lower limit of the channel, IMX/BTC may fall to the support level of 4000 SAT and below. Meanwhile, if the bulls push the price above the channel, the continuation of the bullish move could see the coin reach the resistance level of 7000 SAT and above.
Alternatives to ImmutableX
The ImmutableX price shows positive movement as the market crosses the upper limit of the channel. In that regard, if ImmutableX price maintains the ascending channel pattern, traders may witness additional bullish trends in the coming trading sessions. Meanwhile, a bearish breakdown could emerge for this market if ImmutableX price retreats back below the channel lower boundary.
Nevertheless, ImmutableX (IMX) occupies the 30th position in the crypto market with a market cap of $3.1 billion, which somewhat limits its growth potential given its already significant market value. On the other hand, Bitcoin Minetrix, which has raised almost $6 million during the pre-sale phase, stands out for its promising growth prospects and attracts the interest of potential investors in the dynamic cryptocurrency realm.
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