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Convergence

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Divergence

The post <a href="https://coinpedia.org/price-analysis/altcoin-on-a-move-immutablex-imx-and-limewire-lmwr-hint-20-uptrend/">Altcoin On A Move! ImmutableX (IMX) And LimeWire (LMWR) Hint 20% Uptrend?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
The cryptocurrency market continues to record a negative price action over the past few days with the elite cryptocurrencies such as <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/" target="_blank" rel="noreferrer noopener">Bitcoin</a> and <a href="https://coinpedia.org/price-prediction/market-price-prediction-ethereum-2019/" target="_blank" rel="noreferrer noopener">Ethereum</a> tokens recording significant correction in their respective portfolios. 
However, on the other hand, altcoins have recorded a rising bullish sentiment with mid-cap and low-cap tokens recording the highest gains. Tokens such as LimeWire (LMWR) and ImmutableX (IMX) have recorded a massive uptrend in their valuations this week. 
With the increased price volatility in the crypto space, will these altcoins continue to overpower the top crypto tokens this month? 
<h2 class="wp-block-heading" id="h-imx-crypto-records-increased-price-volatility">IMX Crypto Records Increased Price Volatility:</h2> 
The ImmutableX token has gained approximately 1% within the past 24 hours and has recorded a change of +3.86% in its trading volume. Further, the <a href="https://coinpedia.org/price-prediction/immutable-x-imx-price-prediction/" target="_blank" rel="noreferrer noopener">IMX price</a> has added over 9.50% to its portfolio within the past 3 days. However, its weekly returns stand at -11.19%, indicating a mixed price action. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXdoZ9n4wGII_M-a4FuifyDzZU71wmBGN0M-yClNPMp2X9q-YpIK1gZM-E6O9XH4-H3ZoqC3O3YvlaFvqIcaOGYiro-R7Bbiya-ojQY5HXrozEV2-QmmqkM_zuCbiE__r_P3nG-cfhy5QXHGQtbKCZv9xo8?key=vBM-toabdEGr4NiGsV10UQ" alt="ImmutableX (IMX) Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: IMX/USDT
 </figcaption>
</figure> 
With a trading price of $1.59 and a market capitalization of $2.4 Billion, the <a href="https://markets.coinpedia.org/immutable-x/" target="_blank" rel="noreferrer noopener">ImmutableX coin price</a> has successfully secured the 39th position in the global crypto market list. 
The technical indicator, RSI, displays a bullish crossover in the 1D time frame. However, the Cross EMA 50/200-day has recorded a Death Cross, highlighting a mixed sentiment for the IMX coin price in the cryptocurrency market. 
If the market pushes the ImmutableX price above the resistance level of $1.677, the bulls will continue rising and prepare to test its upper high of $2.12. Conversely, a trend reversal could pull the IMX crypto toward its crucial support level of $1.235 in the coming time. 
<h2 class="wp-block-heading" id="h-limewire-lmwr-price-hints-bullish-reversal">LimeWire (LMWR) Price Hints Bullish Reversal?</h2> 
The LMWR price has recorded a surge of 34.85% within the past day with a surge of 107% in its trading volume. Positively, with the altcoin’s recent surge, it has leveled all its losses which it had experienced this year. This indicates a rising bullish sentiment for the LimeWire token in the market. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXdeLTB1TNcXAkMyU1jFUQ1IW_3ZKb9_A8AuqkcVSwW71duYeVDjAuXUvEZvx0nJP20OBjC1FcGFzyhd_vwfYitexYCJQiDAIy4mlMOrIBCyLq0eeNxFAvBKlXIdzBdELa_RROCTEz3-WENr3IT1qEIfhWU?key=vBM-toabdEGr4NiGsV10UQ" alt="LimeWire Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: LMWR/USDT
 </figcaption>
</figure> 
The SMA indicator shows a positive crossover in its price chart, highlighting a strong bullish reversal for the LMWR token in the crypto space.&nbsp; 
On the other hand, the Moving Average Convergence Divergence (MACD) records a constant uptrend in its green histogram with its averages displaying a rising pattern. This highlights a high possibility of a bullish price action during the upcoming time. 
If the bulls continue to gain momentum, the LMWR price will breach its $0.450 mark and head toward its upper resistance level of $0.690. However, in case of a bearish price action, the LimeWire price could lose momentum and plunge toward its crucial support level of $0.2210.

Altcoin On A Move! ImmutableX (IMX) And LimeWire (LMWR) Hint 20% Uptrend?

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