IMX/USD Goes Bullish; Price Touches $1.21 Level

The ImmutableX price prediction shows that IMX begins to move to the upside as the bears lose grip over the coin.

ImmutableX Prediction Statistics Data:

• ImmutableX price now – $1.20
• ImmutableX market cap – $1.1 billion
• ImmutableX circulating supply – 914.1 million
• ImmutableX total supply – 2 billion
• ImmutableX Coinmarketcap ranking – #49

IMX/USD Market

Key Levels:

Resistance levels: $1.65, $1.75, $1.85

Support levels: $0.70, $0.60, $0.50

IMX/USD is seen heading toward the upper boundary of the channel as the coin moves to touch the daily high of $1.21. For the past couple of days, the coin has been trading above the 9-day and 21-day moving averages heading to the upside.

ImmutableX Price Prediction: Immutable (IMX) Begins the Upward Movement

The ImmutableX price is expected to stay above the 9-day and 21-day moving averages for it to gain the upside. Therefore, if the bulls defend the $1.20 level, the coin may continue its upward movement if the bulls increase the buying pressure. However, any further bullish movement could then hit the potential resistance levels of $1.65, $1.70, and $1.75.

Nevertheless, this prediction may not be right if the bears return to the market and break below the lower boundary of the channel, the ImmutableX price could touch the low of $0.70, $0.60, and $0.50 supports. Moreover, the technical indicator Relative Strength Index (14) is moving to cross above the 60-level; suggesting that more bullish movements are likely to play out.

Against Bitcoin, the ImmutableX price is facing the north as the coin stays above the 9-day and 21-day moving averages trading at the resistance level at 3954 SAT. Therefore, any further bullish movement could push the coin toward the upper boundary channel, and once this comes to focus, higher resistance could be located at 5500 SAT and above.

On the contrary, should the bulls fail to increase the pressure, they may cross below the lower boundary of the channel, and it could hit the support level of 2500 SAT and below while the technical indicator Relative Strength Index (14) moves to cross above the 50-level, showing that buyers are coming to play.

Alternatives to ImmutableX

The ImmutableX price begins the day off intending to trend higher, any further bullish movement toward the upper boundary of the channel could hit the nearest resistance level of $1.50. On the next positive move, IMX could break above the channel if the buyers increase the pressure. However, the Love Hate Inu token will provide immense value for top survey brands and diverse Web3-powered projects keen on achieving accurate opinion outputs on topics and questions on an array of sectors. Therefore, LHINU has raised almost $4 million in its official presale showing huge excitement from investors.

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