Immutable

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<ul class="list-ic vertical">
 <li><span>1</span> <a>Immutable price (IMX) lifted off 9.45% in the last 24 hours and currently trades at $0.601.</a></li>
 <li><span>2</span> <a>IMX crypto price is in a four-day gaining streak after the breakout of a falling wedge pattern.&nbsp;</a></li>
 <li><span>3</span> <a>The IMX crypto price surged above the 50-day EMA.&nbsp;</a></li>
</ul>
<p>Immutable price witnesses a breakout after a short-term correction. The price broke out of a falling wedge pattern after a correction of over 28 sessions. Currently, the IMX crypto price is on a four-day gaining streak since the breakout and has surpassed the 50-day EMA.&nbsp;&nbsp;</p>
<p>The recent correction might be considered as a retest of the previous breakout zone. The restest has created a higher low in the chart. Now, the breakout above the recent swing high may turn the trend optimistic in the long term as well. The short-term trend is already positive.&nbsp;</p>
<p>The technical indicators imply that the IMX crypto price has shown a breakout of the 50-day EMA and is currently headed towards the 200-day EMA. The price has an easy upside potential till the 200-day EMA.<br><br>The volume analysis shows that the Immutable crypto price has a trading volume of $30.96 Million in the past 24 hours which is 110.43% more than the last day. The IMX crypto has a market cap of $724.5 Million and ranks 50th in the crypto market. The volume-to-market-cap ratio is 3.61% indicating low volatility in the market.</p>
<h2 class="wp-block-heading" id="strong-immutable-price-broke-out-of-a-correction-phase-strong"><strong>Immutable Price Broke Out Of A Correction Phase&nbsp;&nbsp;</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img decoding="async" loading="lazy" width="1024" height="478" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-649-1024x478.png" alt="Immutable Price Resumes Bullish Rally: Is It Too Late to Buy?" class="wp-image-177615" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-649-1024x478.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-649-300x140.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-649-768x359.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-649-1536x717.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-649-750x350.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-649-1140x532.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-649.png 1600w" 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/2023/10/18/imx-price-prediction-immutable-price-getting-ready-for-rally/" target="_blank" rel="noopener noreferrer nofollow">Immutable price</a> currently trades at $0.601 with an intraday gain of 9.45%. The price is on a gaining streak of four Intraday sessions. The price has broken out of the short-term correction phase and has completed the retest of the previous breakout zone.&nbsp;</p>
<p>The price has surpassed the 50-day EMA and now has clear traffic up to the 200-day EMA. The price may easily reach up to the 200-day EMA and then decide the next trend thereafter.&nbsp;</p>
<h3 class="wp-block-heading" id="strong-technical-indicators-show-bulls-regaining-momentum-strong"><strong>Technical Indicators Show Bulls Regaining Momentum</strong></h3>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" loading="lazy" width="1600" height="747" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-650.png" alt="Immutable Price Resumes Bullish Rally: Is It Too Late to Buy?" class="wp-image-177616" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-650.png 1600w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-650-300x140.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-650-1024x478.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-650-768x359.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-650-1536x717.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-650-750x350.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-650-1140x532.png 1140w" sizes="(max-width: 1600px) 100vw, 1600px">
  <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 positive crossover. The histogram bars are formed above the mean line of increasing height, indicating the bulls regaining momentum in the short term.&nbsp;</p>
<p>The EMA analysis shows that the IMX price broke out of the 50-day EMA indicating the dominance of buyers in the short term. The price may easily reach up to the 200-day EMA.&nbsp;&nbsp;</p>
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4>
<p>The Immutable price is bullish and up 9.45% today. The IMX crypto broke out of a falling wedge pattern and the 50-day EMA. The price is currently at $0.601 and has a market cap of $724.5 Million. The volume is high and up 110.43% in 24 hours. The price may reach the 200-day EMA easily.&nbsp;</p>
<p>Moreover, The price formed a higher low after retesting the previous breakout zone. The breakout above the recent swing high may turn the long-term trend positive. The volume-to-market-cap ratio is 3.61% indicating low volatility.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<ul>
 <li><strong>Support Levels:</strong> $0.55 and $0.48.</li>
 <li><strong>Resistance Levels:</strong> $0.70 and $0.78.</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.</p>

Immutable Price Resumes Bullish Rally: Is It Too Late to Buy?

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