Immutable (IMX) Advances in a Strong Bullish Course

The Immutable token has been registering some notable gains lately. Also, today it has posted a gain of 5.75%. The mentioned price growth has appeared as a continuation of yesterday’s, when the market saw a strong upside move above an important technical landmark.

IMX Market Statistics

Current Price: $0.675

Market Capitalization: $1.3B

Circulating Supply: 1.93B

Total Supply: 2B

CoinMarketCap Rank: 72

Key Price Levels

Resistance: $0.700, $0.750, $0.800

Support: $0.650, $0.600, $0.550

Immutable Traders Continue the Buying

The IMX token has continued to witness price growth even after its price surged in the previous session. The mentioned strong upward price move could be seen via the corresponding price candle of the previous session.

The ongoing session stays green but much smaller and well elevated above the 9-day Exponential Moving Average EMA line. Additionally, the Stochastic Relative Strength Index SRSI indicator lines are merged but continue upward in the overbought region of the indicator. Technically, this hints at bullish persistence.

IMX Bulls Are Heating Up to Push On

Extending the Immutable price analysis to a 4-hour chart, one can see that price action seems ready for more upward movement. Here, the last price candle on the chart has appeared to shake off the bearish contraction that was experienced in the previous session.

Likewise, price action has continued to approach higher price levels above the 9-day Exponential Moving Average EMA curve. The lines of the SRSI indicator still stand in the overbought region. However, the latter part of the indicator shows a deflection due to the bearish contraction from the previous session. Be that as it may, this market is set to resurface above the $0.700 price level shortly.

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