Token

Cryptocurrency

Immutable

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/tracking-the-unlocking-of-tokens-a-look-at-imxs-upcoming-event/" data-wpel-link="internal">Tracking the Unlocking of Tokens: A Look at IMX’s Upcoming Event</a><br></p>
<p class="p1" style="text-align: justify"><a href="https://coin-turk.com/hedefine-ulasiyor-terra-lunc-fiyat-tahmini-kac-dolar-guncel-fiyat-bir-firsat-mi" data-wpel-link="internal">Cryptocurrency</a> market participants keenly follow token unlock events. According to the <a href="https://en.coin-turk.com/pepe-coin-will-the-meme-coin-rise-higher/" data-wpel-link="internal">Token</a> Unlocks platform, which closely monitors these events, tokens worth $212.47 million will be unlocked in the next seven days. Tomorrow, the token unlock for Immutable X’s native token IMX, a Layer-2 network on <a href="https://coin-turk.com/ethereum-bitcoine-karsi-kan-kaybetmeye-devam-ediyor-son-6-ayin-en-dusuk-seviyeleri" data-wpel-link="internal">Ethereum</a>, is an event that requires close attention.</p> 
<h2 class="p1" style="text-align: justify" id="imx-token-unlock-event">IMX Token Unlock Event</h2> 
<p class="p1" style="text-align: justify">According to data shared by <strong>Token Unlocks</strong>, the upcoming week will witness the unlocking of tokens valued at $212.47 million, marking one of the largest token unlock events of the recent period. Among these unlocks is the IMX token unlock for the <a href="https://en.coin-turk.com/ethereum-faces-212-million-liquidation-threat-as-prices-near-critical-level/" data-wpel-link="internal">Ethereum</a> Layer-2 network Immutable X.</p> 
<p class="p1" style="text-align: justify">The event, taking place tomorrow (March 22) at 03:00, will release an amount of IMX tokens that represents 2.45% of the total supply, with a market value of $98.81 million. As the event draws near, investors are eagerly monitoring the process, and at the time of writing, the IMX token was trading at $2.87.</p> 
<h2 class="p1" style="text-align: justify" id="imx-chart-analysis">IMX Chart Analysis</h2> 
<p class="p1" style="text-align: justify">The two-hour IMX chart shows a descending channel formation, but a recent price surge has led to a breakout of resistance and significant momentum. IMX is trading below the EMA 9 (blue line) and testing the EMA 21 (green line) as support in the latest bar formations.</p> 
<p class="p1" style="text-align: justify">The most important support levels to watch on the two-hour chart for IMX are $2.79, $2.72, and $2.64, respectively. A close below the $2.72 level, which intersects with the kijunsen (purple line), could lead to a loss of momentum for the IMX price.</p> 
<p class="p1" style="text-align: justify">The most important resistance levels to watch on the two-hour chart for IMX are $2.89, $2.98, and $3.10, respectively. A close above the $2.98 level, which has been a significant barrier in recent bar formations, could lead to a gain in momentum for the IMX price.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-331481 size-full" src="https://coin-turk.com/wp-content/uploads/2024/03/imx-grafik.png" alt="" width="2423" height="1134"></p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/tracking-the-unlocking-of-tokens-a-look-at-imxs-upcoming-event/" data-wpel-link="internal">Tracking the Unlocking of Tokens: A Look at IMX’s Upcoming Event</a></h5>

Tracking the Unlocking of Tokens: A Look at IMX’s Upcoming Event

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