9 C
Amsterdam
29 March 2024
PumpMoonshot
Image default
News

IMMUTABLE X Price Analysis: Will IMX Coin Price See A Rise Above $10 In 2022?


  • IMX coin price is currently seeing a strong upside trend and can soon see a new high in the future. Meanwhile, it has been observing 9% in the past 24 hours.
  • Immutable X technical indicators hint towards a strong upside move in the future. Meanwhile, IMX/BTC pair has seen a gain of more than 8% in the intraday session.

Why Invest In IMX Coin?

IMX Coin price is currently observing a strong upside trend and can soon see a new high in the future. Immutable X coin price is as of now trading near the value of $4.9 and has seen a gain of more than 9%. Immutable X has been the chief layer-2 scaling reply for NFTs on Ethereum, with second layer attestation, incredible versatility, zero gas costs, and great for its clients in the period. James Ferguson close by his kin who has been an architect of various multi-billion dollar organizations is the frontal cortex behind the endeavor. The asset is an ERC-20 utility token and can see a strong move. There are around 2 Billion tokens in the market and can soon see a new high. One can place assets into IMX as per their necessities and hazard limit.

IMX coin price has seen a slippage in the crypto-verse ranking from 87th to 102nd in the past few days. The volume of the coin can also see a strong move and can soon see a new high. The volume to market cap ratio of the asset proposes a solid potential gain potential in the future.

Technical Indicators Of IMX Coin Price Suggests A Strong Upside Move

Source: Trading view

The week-by-week technical chart of the coin value suggests a strong upside move in the asset price. On coming to the everyday outline, the asset has been trading with a will to give a major breakout. The bullish energy of the Immutable X may observe an expected stop close to $9. The downside trend of the coin may notice a bounceback close $3. In the event that the coin value sees potential gain energy of 15 to 20% then a solid potential gain pattern should be visible. IMX/BTC pair may likewise see a drawback pattern in the forthcoming days

Conclusion

IMX coin price is currently in a downside trend and can soon see a new high in the future. IMX/BTC pair can also move to a new high in the future.

Technical Levels

Major Support: $3

Advertisement

Major Resistance:$9

News Source

Advertisement

Related posts

Ethereum Price Analysis: ETH/USD rebounds after three-day slump, closes in on $400

PumpMoonshot

Have Paxful’s African ventures pushed it ahead of LocalBitcoins?

PumpMoonshot

Formula 1 Racing Company McLaren Joins the NFT Trend with Tezos (XTZ)

PumpMoonshot
Verified by MonsterInsights