Immutable (IMX) Set to Sail Higher Above the $2.00 Mark

Azeez Mustapha

Updated:

Unlock Daily Forex Signals

Select a Plan

£39

1 - month
Subscription

Select

£89

3 - month
Subscription

Select

£129

6 - month
Subscription

Select

£399

Lifetime
Subscription

Select

£50

Separate Swing Trading Group

Select

Or

Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more

Checkmark

Service for copy trading. Our Algo automatically opens and closes trades.

Checkmark

The L2T Algo provides highly profitable signals with minimal risk.

Checkmark

24/7 cryptocurrency trading. While you sleep, we trade.

Checkmark

10 minute setup with substantial advantages. The manual is provided with the purchase.

Checkmark

79% Success rate. Our outcomes will excite you.

Checkmark

Up to 70 trades per month. There are more than 5 pairs available.

Checkmark

Monthly subscriptions begin at £58.



After price activities in the immutable market crossed the $1.3000 mark, price action moved quite rapidly towards higher levels. At this point, the token is set to trade between the $2.100 and $2.200 marks. Currently, technical signs are aligning to give bullish impetus to this market.

Key IMX Statistics:
Current Basic Immutable Value: $2.025
IMX Market Cap: $2,508,178,698
IMX Circulating Supply: 1,288,194,242
Total Supply of Immutable: 2,000,000,000
IMX CoinMarketCap Ranking: 30

Key Price Levels:
Resistance: $2.053, $2.100, and $2.200
Support: $2.000, $1.900, and $1.800

Immutable (IMX) Set to Sail Higher Above the $2.00 Mark

IMX Eyes the $2.100 Price Level

In the past three trading sessions, price action in the Immutable market punched its way through the $1.800 mark. A minor downward correction occurred in the previous session, but bulls quickly bounced back in this session with more resounding dominance. The token now trades above the $2.00 threshold. The shorter upper shadow on the corresponding price candle for the ongoing session suggests that buyers are still joining the uptrend above the 50-day Moving Average (MA) line.

Likewise, the Moving Average Convergence Divergence (MACD) indicator lines have delivered an upward crossover above the equilibrium level. The lines of the indicator have since progressed upward. By implication, technical indicators are affirming that bulls are strong in this market.

Immutable (IMX) Set to Sail Higher Above the $2.00 Mark

Tailwind Continues to Mount in the Immutable Market

Upward forces in the IMX 4-hour market are showing moderate consistency. Price action can be seen maintaining its position above the 21-day Moving average line. Also, green price candles have been appearing on this chart for the past five trading sessions, portraying that bulls are maintaining fine control over price movements.

Likewise, the MACD indicator lines have aborted a bullish crossover above the equilibrium level. In addition, the lines are now trending slowly upward, with short green bars appearing above the equilibrium level of the MACD’s indicator. Therefore, traders can anticipate a continued upside retracement towards the $2.150 mark.

Trade crypto coins on AvaTrade

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *