Immutable

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Million

<ul> 
 <li>Immutable price (IMX) declined 5.96% in the past 24 hours and is currently trading at $0.569.</li> 
 <li>The daily chart shows that Immutable price is trying to sustain near the 50-day EMA.</li> 
 <li>IMX price has slipped nearly 16% in the last two weeks after losing the gains.&nbsp;</li> 
</ul> 
<p>Immutable price analysis illustrates that the IMX price is showing volatility in the short run. The price has dropped nearly 16% in the last two weeks and has wiped out most of the gains that occurred in the last few weeks.&nbsp;&nbsp;</p> 
<p>The&nbsp; IMX price is down nearly 6% intraday and might lose more if it slips below the 50-day EMA. The daily chart witnesses that the price surged from a low of $0.48 to a high of $0.71 in mid-September. However, the short-term gain triggered a selloff and the IMX crypto price declined.</p> 
<p><br>The technical indicators suggest that the Immutable price showed a breakout of the 50-day EMA. However, the bears dominated near the&nbsp; 200-day EMA, and the price could not surpass it; leading to a selloff.&nbsp;</p> 
<p>The volume analysis shows that IMX crypto received $21.56 Million in the past 24 hours, which is 4.4% more than the last day. The crypto holds a market cap of $666.7 Billion and ranks 51st in the crypto market. The volume to market-cap ratio is 3.19% indicating low volatility in the market.</p> 
<h2 class="wp-block-heading" id="strong-immutable-price-might-get-support-from-50-day-ema-strong"><strong>Immutable Price Might Get Support From 50-Day EMA. </strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="464" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-59-1024x464.png" alt="Immutable Price Prediction: Will IMX Crypto Crash Below $0.5?" class="wp-image-173248" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-59-1024x464.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-59-300x136.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-59-768x348.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-59-750x340.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-59-1140x517.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-59.png 1281w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Source: IMX/USD By <a href="https://www.tradingview.com/x/E9ff22G1/" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p>The <a href="https://www.thecoinrepublic.com/2023/09/21/immutable-gains-30-is-there-an-artificial-surge-behind-it/" rel="noopener noreferrer nofollow">Immutable price</a> is currently trading at $0.569 and trying to sustain near the 50-day EMA. The bears are dominating in the short-term which indicates that the price might show a breakdown of the 50-day EMA and slide to the lower support levels.</p> 
<p>The average analyst price target for IMX token in 2023 is $1.40, which represents a potential upside of 143% from the current price. However, there is a wide range of analyst price targets, from $0.53 to $3.29.</p> 
<p>The most optimistic analysts believe that IMX token could reach $3.29 in 2023 if the NFT market continues to grow and Immutable is adopted by more major NFT projects.&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-technical-indicators-show-bearish-trend-dominance-strong"><strong>Technical Indicators Show Bearish Trend Dominance</strong></h3> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="464" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-60-1024x464.png" alt="" class="wp-image-173249" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-60-1024x464.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-60-300x136.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-60-768x348.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-60-750x340.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-60-1140x517.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-60.png 1281w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Source: IMX/USD By <a href="https://www.tradingview.com/x/E9ff22G1/" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p>MACD lines are showing a bearish crossover. Also, histogram bars are being formed above the mean line of decreasing height, indicating the buyers’ fading momentum.&nbsp;The EMA analysis shows that the <a href="https://www.thecoinrepublic.com/2023/09/21/immutable-gains-30-is-there-an-artificial-surge-behind-it/" target="_blank" rel="noopener noreferrer nofollow">IMX price</a> suffered rejection from the 200-day EMA indicating the bearishness in the long-term trend.&nbsp;&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>Immutable price is showing volatility in the short term, dropping nearly 6% in intraday and 16% in the last two weeks. The price surged from $0.48 to $0.71 in mid-September but triggered a selloff to the current $0.569 price level. Technical indicators suggest a breakout of the 50-day EMA, but bears dominated near the 200-day EMA, leading to a selloff. Volume analysis shows low volatility. The average analyst price target for IMX token in 2023 is $1.40, with a wide range of targets from $0.53 to $3.29.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li><strong>Support Levels:</strong> $0.54 and $0.48</li> 
 <li><strong>Resistance Levels:</strong> $0.62 and $0.70</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.&nbsp;</p>

Immutable Price Prediction: Will IMX Crypto Crash Below $0.5?

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