ImmutableX Price Prediction for Today, October 23 – IMX Technical Analysis

The ImmutableX price prediction shows that IMX begins with a steady increase above the $0.60 resistance, currently rising toward the $0.65 level.

ImmutableX Prediction Statistics Data:

• ImmutableX price now – $0.60
• ImmutableX market cap – $738.7 million
• ImmutableX circulating supply – 1.2 billion
• ImmutableX total supply – 2 billion
• ImmutableX Coinmarketcap ranking – #51

IMX/USD Market

Key levels:

Resistance Levels: $0.72, $0.74, $0.76

Support Levels: $0.50, $0.48, $0.46

IMX/USD has kept trading well for the past few days as the price touches the resistance level of $0.62. Meanwhile, a daily close above the upper boundary of the channel may increase the ImmutableX price to the resistance level of $0.70. However, traders should note that a consistent price increase may bring more buyers into the market as bulls increase their positions.

ImmutableX Price Prediction: Price May Spike Higher

According to the daily chart, after the ImmutableX price remains above the 9-day and 21-day moving averages, IMX/USD is now looking forward to breaking above the channel. Moreover, the daily chart reveals that if the 9-day moving average crosses above the 21-day moving average, it will confirm the presence of the bulls in the market.

In other words, if the bulls fail to push the coin to the upside, the bears may take advantage and bring the market price to the downside. However, if the ImmutableX price rises and stays above the channel, it could locate the resistance levels at $0.72, $0.74, and $0.76 but sliding toward the lower boundary of the channel may bring the price to the supports at $0.50, $0.48, and $0.46.

IMX/BTC Could Follow the Bullish Movement

Against Bitcoin, the ImmutableX price is hovering around the 21-day moving average as the intraday trading is ranging. The coin could move toward the upper boundary of the channel, crossing above this barrier could hit the resistance level at 2400 SAT and above.

On the contrary, if the sellers bring the market to the south, traders can expect a fall toward the lower boundary of the channel which may locate the support at 1600 SAT and below. Meanwhile, the 9-day MA may need to cross above the 21-day MA, which may confirm the bullish movement in the market.

Alternatives to ImmutableX

The ImmutableX price has experienced a remarkable price increase of 4.38% over the past 24 hours. However, the bullish momentum could persist if the red line of the 9-day moving average surpasses the green line of the 21-day moving average.

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