Immutable

Candle

Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>IMX price prediction suggests IMX crypto might take a U-turn from the swing low.</a> </li> 
 <li> <span>2</span> <a>IMX price prediction suggests IMX crypto might take a U-turn from the swing low.</a> </li> 
 <li> <span>3</span> <a>IMX crypto price is trading near its crucial swing low support.</a> </li> 
</ul> 
<p>IMX price prediction stays bullish till it sustains above the $0.4785 level. Bulls might come forward to defend the swing low support. Immutable price faces sharp rejection from the 200-day EMA which hurt the investors’ sentiment and invites further decline.&nbsp;</p> 
<p>IMX crypto price drops below the 50-day EMA indicating a downtrend. It eroded the previous gains and prices returned back to the monthly lows.&nbsp;</p> 
<p>In the mid of September, Immutable price took support near $0.4785 and reversed upward. Later, the IMX crypto witnessed a massive spike in buying volume and prices also followed the same direction.&nbsp;</p> 
<p>Short-term bulls attempted to break the $0.7500 hurdle to turn the positional trend in the upward direction. Sadly, the attempt failed and prices declined and lost the previous gains.&nbsp;</p> 
<p>Immutable price is trading at $0.5193 with an intraday decline of -2.30%. The 24-hour volume to market cap is 3.05%.&nbsp;</p> 
<p>The pair of IMX/BTC is trading at 0.00001829 with an intraday decline of -2.40%. The price pattern of both the pair looks similar. So if any of the pairs recover then the other pair may get positively impacted.</p> 
<h2 class="wp-block-heading" id="strong-will-imx-price-repeat-historical-pattern-strong"><strong>Will IMX Price Repeat Historical Pattern?</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img decoding="async" loading="lazy" width="1600" height="678" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-535.png" alt="IMX Price Prediction: Immutable Price Getting Ready For Rally?" class="wp-image-176684" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-535.png 1600w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-535-300x127.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-535-1024x434.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-535-768x325.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-535-1536x651.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-535-750x318.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-535-1140x483.png 1140w" sizes="(max-width: 1600px) 100vw, 1600px">
  <figcaption class="wp-element-caption">
   IMX/USDT daily chart by <a href="https://www.tradingview.com/x/MYtWhRkK/">Tradingview</a>
  </figcaption>
 </figure>
</div> 
<p>IMX price prediction favors the bulls and suggests a pullback rally is possible. If the buyers of <a href="https://www.thecoinrepublic.com/2023/08/16/imx-price-prediction-2023-can-imx-coin-break-support-fall/">IMX crypto </a>price succeed in climbing above the 50-day EMA. Then the probability of the upside reversal will increase.&nbsp;</p> 
<p>Till the <a href="https://www.thecoinrepublic.com/2023/08/16/imx-price-prediction-2023-can-imx-coin-break-support-fall/" target="_blank" rel="noreferrer noopener">Immutable</a> price sustains above the $0.4785 a bounce back from the swing low is possible. Moreover, the historical patterns might be repeated.&nbsp;</p> 
<p>On the other hand, if the sell-off continues and the price drops below $0.4785. Then the bear may try to pull it down to yearly lows.&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-immutable-price-is-forming-an-inverted-hammer-candle-strong"><strong>Immutable Price is Forming an Inverted Hammer Candle</strong></h3>  
<div class="tradingview-widget-container"> 
 <div id="tradingview_1d608"></div> 
 <div class="tradingview-widget-copyright">
  <a href="https://www.tradingview.com/" rel="noopener nofollow" target="_blank"><span class="blue-text">Track all markets on TradingView</span></a>
 </div> 
 <script type="text/javascript" src="https://s3.tradingview.com/tv.js"></script> 
 <script type="text/javascript">
  new TradingView.widget(
  {
  "width": 950,
  "height": 500,
  "symbol": "BINANCE:IMXUSDT",
  "interval": "D",
  "timezone": "Etc/UTC",
  "theme": "light",
  "style": "1",
  "locale": "en",
  "enable_publishing": true,
  "allow_symbol_change": true,
  "studies": [
    "STD;RSI",
    "STD;Supertrend"
  ],
  "container_id": "tradingview_1d608"
}
  );
  </script> 
</div>  
<p>Immutable price is forming an inverted hammer candle on the weekly time frame. However, the price is near to the crucial support so it will be difficult for the sellers to pull the price further down.&nbsp;</p> 
<p>The MACD curve is sloping sideways indicating that the downfall will halt soon and prices may enter into narrow-range consolidation. The RSI curve at 40 denotes weakness but if prices recover then RSI may reach neutral territory.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>IMX price prediction is bullish for the long term and suggests a pullback rally is possible from the swing low. The technical analysis suggests the immutable price is near to the crucial support so the historical price pattern might get repeated.</p> 
<h4 class="wp-block-heading"><strong>Technical levels</strong></h4> 
<ul> 
 <li>Resistance levels: $0.6500 and $0.7668</li> 
 <li>Support levels: $0.5000 and $0.4500</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. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

IMX Price Prediction: Immutable Price Getting Ready For Rally?

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Thecoinrepublic.com

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