Immutable X Price Prediction for Today, May 18 – IMX Technical Analysis

adminMay 18, 2024

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Immutable

Invariant

Current constant X price – $2.40
Immutable
Immutable X Circulating Supply – 1.4 billion
Constant
Immutable

IMX/USD Market

Main level:

Resistance levels: $3.30, $3.50, $3.70

Support levels: $1.50, $1.30, $1.10

Immutable X Price Prediction for Today, May 18 – IMX Technical Analysis — IMXUSD – daily chart

IMX/USD continues to enjoy strong interest, helping the coin rise above its 9- and 21-day moving averages. Immutable X (IMX) is currently hovering at $2.40 after touching a low of $2.33. However, Immutable

Immutable X Price Prediction: IMX Could Be on the Rise.

Immutable However, the upward movement of the coin could lead to it reaching the $2.50 resistance level if the bulls increase the pressure. Looking at the daily chart, $2.30 still remains a key support level, and if it breaks through, the selling could expand to $1.50, $1.30, and $1.10 support levels.

Currently, the bulls are trying to push the coin towards the channel upper limit, and any further upward movement above the channel limit could lead to it reaching the 9-day resistance levels of $3.30, $3.50, and $3.70. The MA may need to cross the 21-day MA.

IMX/BTC Consolidation Could Be Heading North

Compared to Bitcoin, Immutable Immutable So, if the bulls maintain the trend, the price may reach resistance levels above 5000 SAT.

On the other hand, sellers are likely to come back into the market and a bearish move towards the lower boundary of the channel could push Immutable 2000 SAT or lower. Surprisingly, the 9-day moving average is hovering above the 21-day moving average, suggesting a more bullish signal in the near term.

Meanwhile, @ShizueCrypto advised followers of He emphasized the importance of monitoring key technical indicators and emphasized that a successful breakout could indicate strong upward momentum.

$IMX If we break this resistance it will be a good trade. 🙌#BTC pic.twitter.com/18frfRqXXS
— Shizue (@ShizueCrypto) May 15, 2024

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