ImmutableX Price Prediction for Today, December 24 – IMX Technical Analysis

ImmutableX price prediction shows that IMX is likely to rise above the channel as the price rises 7.72%.

ImmutableX prediction statistical data:

• ImmutableX Price – $2.47
• ImmutableX market capitalization – $3.1 billion
• ImmutableX Circulating Supply – 1.2 billion
• ImmutableX total supply – 2 billion
• ImmutableX Coinmarketcap Ranking – 30th

IMX/USD Market

Main level:

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 heads to the upside. Today’s trading begins with the market trending slightly higher, with the coin currently trading at $2.47 after reaching a daily high of $2.57. However, traders are expecting that the current price movement will indicate an imminent rise in the market price.

ImmutableX Price Prediction: ImmutableX Is Ready 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, the 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, with the 9-day moving average remaining above the 21-day moving average, IMX/USD could continue to move north, and if this continues, buyers could maintain a bullish move towards the resistance levels of $2.70 and $2.80. Meanwhile, if the price quickly turns south, support levels could be found at $1.85, $1.65, and $1.45.

IMX/BTC maintains bullish movement

After bullish trading above the 9-day and 21-day moving averages for Bitcoin, ImmutableX price is moving beyond the upper boundary of the channel. All indicators currently show the market is rising, so bulls may increase their buying pressure.

This means that if bears pull the price below the lower limit of the channel, IMX/BTC could fall to support levels below 4000 SAT. Meanwhile, if bulls push the price above the channel, the bullish move may continue and the coin could reach resistance levels above 7000 SAT.

Alternatives to ImmutableX

ImmutableX price is showing positive movement as the market moves beyond the upper boundary of the channel. If ImmutableX price maintains its ascending channel pattern, traders may witness a further bullish trend in the coming trading sessions. Meanwhile, if ImmutableX price moves back below the lower limit of the channel, a bearish breakdown could occur in this market.

Nonetheless, ImmutableX (IMX) ranks 30th in the cryptocurrency market with a market capitalization of $3.1 billion, which somewhat limits its growth potential considering its already significant market cap. On the other hand, Bitcoin Minetrix, which has grossed close to $6 million in its pre-sale phase, boasts promising growth prospects and is attracting the attention of prospective investors in the dynamic cryptocurrency space.

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