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The post <a href="https://coinpedia.org/price-analysis/investment-of-100-in-immutable-imx-to-turn-1000-by-bitcoin-halving/">Investment Of $100 In Immutable (IMX) To Turn $1000 By Bitcoin Halving?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
The Immutable token has gained significant attention from the <a href="https://coinpedia.org/price-analysis/altcoin-market-analysis-identifying-high-potential-coins-versus-underperformers/" target="_blank" rel="noreferrer noopener">crypto market</a> over the past few days due to its increased price volatility. The <a href="https://markets.coinpedia.org/immutable-x/" target="_blank" rel="noreferrer noopener">IMX price</a> has added over 3% within the past day but has added over 78% over the past 30 days, making it a potential pick for the upcoming bull run. 
The Immutable price traded in a closed range between $1.8925 and $2.0916 for a while, following which the bulls gained momentum and the price broke out of the range. After recording a jump of 17.5%, the IMX price displayed a neutral trend for the next seven days. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/-ZgLZ_VElwoERJXsHlTrj0DVVwJ7wqaF7JmwNdK8JIYj4-M_7BlYf4baj7qzs6H0tbCZSn-zD6v8N8SFnxYEHYILJH4eNU2rNXZ_QjQXuZr09ErYnWJtGvjhPLE4mxO7gNtWKFjeFLV9fD3wjB363P0" alt="Immutable Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: IMX/USDT
 </figcaption>
</figure> 
As the market volatility grew, the bulls regained momentum and jumped over 18%, following which the token traded sideways for the next few days. The IMX token continued to gain significant attention from the market, resulting in it adding 22% over the next three days. 
After facing rejection at $3.2319, the Immutable token displayed a neutral trend for a while. Following multiple attempts, they successfully broke out of the resistance level and recorded a jump of over 15.50%. 
The token then traded sideways for a while, after which the bulls lost momentum and broke down the support level. Since then, the price has been trading in a consolidated range between $3.0006 and $3.5374. 
Also Read: <a href="https://coinpedia.org/price-analysis/whats-next-for-the-bitcoin-btc-price-heres-why-its-very-important-to-achieve-52500-this-week/">What’s Next for the Bitcoin (BTC) Price? Here’s Why it’s Very Important to Achieve $52,500 This Week</a> 
<h2 class="wp-block-heading" id="h-will-immutable-price-increase">Will Immutable Price Increase?</h2> 
The MACD displays a constant rise in the green histogram, indicating increased buying-over-selling pressure within the market. Moreover, the averages show a steady rise, suggesting the price will continue gaining value in the coming time. 
If the bulls regain momentum, the IMX price will test its resistance level of $3.5374 soon. Further, if the bulls maintain the price at that level, it will prepare to test its upper resistance level of $4 during the upcoming weeks. 
Conversely, if a trend reversal occurs, the bulls will lose momentum and fall to test its support level of $3.0006. Moreover, if the bears continue to dominate the market, it will plunge and prepare to test its lower support level of $2.6547 in the coming time.

Investment Of $100 In Immutable (IMX) To Turn $1000 By Bitcoin Halving?

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