Immutable Prepares 32 Million IMX Token Release On October 4

Immutable (IMX) is set to release almost $53.60 million worth of tokens next week. This represents 2% of its circulating supply, potentially impacting the market. Despite the release, IMX remains bullish after a recent 46% price surge. The listing of IMX on Coinbase adds significant credibility and exposure to the project. Increased accessibility through this platform could draw more investors. 

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As demand rises, the long-term outlook for IMX strengthens. While a price correction may follow the token release, the overall momentum for Immutable is positive. Investors might consider this pullback as an opportunity for accumulation. The project’s continuous developments and strong market performance keep confidence high. Immutable’s expanding ecosystem and new partnerships contribute to its strong potential in the growing blockchain space.

Key Immutable Levels To Watch – September 24

IMXUSD is experiencing a short-term retracement after reaching resistance at $1.90. The 9-day SMA support at $1.50 remains intact, indicating potential for further bullish momentum.
 
The price is expected to fill the FVG (Fair Value Gap) around $1.50 before resuming its upward trend. Next target lies above $2.00 as bullish continuation takes over.

IMXUSD Critical Levels

Resistance Levels: $1.90, $2.10, $2.60 
Support Levels: $1.50, $1.10, $0.90 

ImmutableX Metrics

Total Market Capitalization: $2.22T
Immutable Market Capitalization: $2.80B
Immutable Volume: $77.93M
Market Rank: #35

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