Immutable

<ul>
 <li>Immutable (IMX) hits a two-year high of $3.05.</li>
 <li>Bulls hold ground, IMX aims for $3.50 and $4.</li>
</ul>
Immutable (IMX) has surged to a <a href="https://thenewscrypto.com/immutable-imx-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">two-year high</a>, hitting $3.05 amidst a flurry of bullish sentiment within the cryptocurrency market. This 11% jump signals a notable uptrend after a period of neutrality, reflecting growing investor optimism in the coin’s potential.
Despite overall market downturns, IMX has defied the odds, boasting a significant 13.5% gain, rising from $2.68 to $3.05 over the past 24 hours and currently trading at $2.96. This surge has propelled the asset’s market capitalization beyond the $4 billion mark, securing its position as the 21st-largest cryptocurrency by market cap.
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 <figure class="aligncenter size-full"><img decoding="async" width="870" height="471" src="https://thenewscrypto.com/wp-content/uploads/2024/02/image-42.png" alt="" class="wp-image-91386" srcset="https://thenewscrypto.com/wp-content/uploads/2024/02/image-42.png 870w, https://thenewscrypto.com/wp-content/uploads/2024/02/image-42-300x162.png 300w, https://thenewscrypto.com/wp-content/uploads/2024/02/image-42-768x416.png 768w" sizes="(max-width: 870px) 100vw, 870px">
 <figcaption class="wp-element-caption">Immutable (IMX) Price Chart (Source: <a href="https://www.coingecko.com/en/coins/immutable-x" target="_blank" rel="noopener noreferrer nofollow">CoinGecko</a>)
 </figcaption>
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In addition to its impressive price <a href="https://thenewscrypto.com/immutable-integrates-transak-for-web3-gaming-payments/" target="_blank" rel="noopener noreferrer nofollow">performance</a>, Immutable has witnessed a notable uptick in trading volume, experiencing a 7.51% rally with volumes reaching around $231 million within the past 24 hours.
Trading above the critical $2.50 resistance level, Immutable’s current price of $2.96 suggests a continuation of the upward trajectory. However, bears are anticipated to mount a strong challenge around the $2.95 mark. A failure to sustain prices above $2.50 could signal weakening bullish momentum. Conversely, if bulls maintain their stronghold and surpass the $3.05 resistance level, it could pave the way for further gains, potentially pushing the pair towards $3.50 and eventually $4, reinforcing <a href="https://thenewscrypto.com/immutable-teams-up-with-aws/" target="_blank" rel="noopener noreferrer nofollow">bullish sentiments</a> within the market.

Bull Run Is Here for Immutable? As IMX Makes Two Years High

TheNewsCrypto

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