Immutable

<ul><li>ImmutableX&#39;s IMX token has surged, with a significant increase in profit-taking, hinting at a forthcoming redistribution phase.</li><li>Despite the recent rise, indicators like Active Addresses and Network Growth for IMX show a downward trend.</li><li>Technical analysis suggests a potential buying opportunity for IMX in the $1.02 to $0.92 range post-redistribution.</li></ul>In recent weeks, the digital currency sphere has <a href="https://insights.santiment.net/read/immutablex-s-imx-token-to-redistribute-imminently-7398?utm_source&#61;twitter&amp;utm_medium&#61;post&amp;utm_campaign&#61;twitter_immutablex_to_redistribute_insight_forexstreetslu_111523/&amp;fpr&#61;twitter" rel="noopener noreferrer nofollow">witnessed</a> a striking performance from ImmutableX, known for its IMX token, which has astonishingly surged by 128% over the past month. This remarkable ascent has led to a notable increase in profit-taking activities. However, the emerging signs unveil the possibility of this trend reaching a plateau, with on-chain metrics indicating a potential shift in the token&#39;s trajectory.Santiment, a cryptocurrency data platform specializing in on-chain and social metrics, recently posted a tweet about the current market dynamics surrounding ImmutableX&#39;s IMX token.As observed through the Network Realized Profit/Loss indicator, the IMX token has become a hotspot for profit-taking. The declining trends in Active Addresses, Network Growth, and Trading Volume further corroborate this. These elements create a unique scenario where, despite the decreasing on-chain activity, the price of IMX continues to chart higher highs.Moreover, the Exchange Flow Balance has recorded a<a href="https://app.intotheblock.com/coin/IMX" rel="noopener noreferrer nofollow"> considerable </a>movement of nearly 4 million IMX tokens into exchanges, which is a strong indication of potential redistribution. This influx of tokens into the market can be interpreted as a preparatory step for future selling pressure or reallocation among different investors.Read full article at<a href="https://cryptotale.org/imx-token-experiences-remarkable-128-monthly-surge-amid-redistribution-signals/" rel="noopener noreferrer nofollow"> CryptoTale.</a>

IMX Token Experiences Remarkable 128% Monthly Surge Amid Redistribution Signals

CryptoTale

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