Immutable (IMX) Surpasses the $1.00 Mark

A significant surge has been observed in the Immutable daily market, with price action successfully breaking through the $1.00 threshold. The token had been trading below this mark for over six months; however, bulls are now rising to the challenge of reclaiming the token’s position above this price point.

Key IMX Statistics:
Current Immutable Value: $1.052
Immutable Market Cap: $1,329,503,793
Circulating Supply of IMX: 1,251,798,947
Total Supply of IMX: 2,000,000,000
Immutable CoinMarketCap Ranking: 45

Key Price Levels:
Resistance: $1.052, $1.200, and $1.400
Support: $1.00, $0.900, and $0.800

IMX Maintains Position Above $1.00

The Immutable market displayed an impressive performance in today’s trading session, witnessing a breakthrough past a six-month-old resistance. Examining the upper shadow of the ongoing session reveals that the market reached above the $1.100 mark. However, facing rejection at that level, the token retraced to the $1.052 mark.

Consequently, the token continues to trade above the middle band of the Bollinger Bands indicator, indicating substantial market volatility. Additionally, the Relative Strength Index (RSI) indicator lines showcase a bullish crossover near the 50 mark, signaling a bullish period for the market.

Immutable Bulls Maintain Upside Target

The IMX 4-hour market reflects a sharp and moderate downward correction during today’s trading activities. Despite this, upside forces swiftly regained control, keeping the token’s price action above the uppermost limit of the Bollinger Bands indicator. This is evident in the appearance of a green price candle representing the ongoing session.

Furthermore, the Moving Average Convergence Divergence (MACD) indicator lines are still on an upward trajectory, remaining above the equilibrium point. The solid green appearance of the indicator bar affirms the prevailing bullish sentiment in the market, providing traders with optimism for price action to revisit above the $1.150 mark.

Buy IMX on eToro