HomeNFT'sImmutableX Cost Forecast for Today, December 24 – IMX Technical Analysis

ImmutableX Cost Forecast for Today, December 24 – IMX Technical Analysis

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The ImmutableX price prediction shows that IMX is likely to climb above the channel as the price mounted up by 7.72%.

ImmutableX Prediction Statistics Data:

  • ImmutableX price now – $2.47
  • ImmutableX market cap – $3.1 billion
  • ImmutableX circulating supply – 1.2 billion
  • ImmutableX total supply – 2 billion
  • ImmutableX Coinmarketcap ranking – #30

IMX/USD Market

Key Levels:

Resistance levels: $3.00, $3.20, $3.40

Support levels: $1.85, $1.65, $1.45

ImmutableX Price Prediction for Today, December 24 – IMX Technical Analysis
IMXUSD – Daily Chart

IMX/USD is currently changing hands at around $2.47 as the coin heads to the upside. Today’s trading begins with a slight uptrend in the market as the coin moves to touch the daily high of $2.57 after which it is currently trading at $2.47. However, traders are anticipating that the current price movement is an indication of the upcoming price rally in the market.

ImmutableX Price Prediction: ImmutableX Gets Ready for More Uptrends

According to the daily chart, the next step for the ImmutableX price is to cross above the upper boundary of the channel. Once this is done, bulls may now push the coin toward the nearest resistance level of $2.80, which could hit the resistance levels at $3.00, $3.20, and $3.40 respectively.

However, as the 9-day MA hovers above the 21-day MA, IMX/USD may keep moving to the north, once this plays out, buyers can manage to sustain the bullish movement toward the resistance levels of $2.70 and $2.80. Meanwhile, if the price decides to make a quick turn to the south, the support levels could be found at $1.85, $1.65, and $1.45.

IMX/BTC Maintains the Bullish Movement

Against Bitcoin, after trading bullishly above the 9-day and 21-day moving averages, the ImmutableX price is moving to cross above the upper boundary of the channel. At the moment, bulls may increase the buying pressure as all the indicators reveal that the market is going upward.

ImmutableX Price Prediction for Today, December 24 – IMX Technical AnalysisImmutableX Price Prediction for Today, December 24 – IMX Technical Analysis
IMXBTC – Daily Chart

In other words, if the bears drag the price below the lower boundary of the channel, IMX/BTC may fall to the support level of 4000 SAT and below. Meanwhile, if the bulls push the price above the channel, the continuation of the bullish movement may cause the coin to hit the resistance level of 7000 SAT and above.

Alternatives to ImmutableX

The ImmutableX price is showing positive movement as the market moves to cross above the upper boundary of the channel. On that note, if the ImmutableX price maintains the rising channel pattern, traders may witness additional bullish trends in the coming trading sessions. Meanwhile, a bearish breakdown could play out for this market if the ImmutableX price withdraws back below the lower boundary of the channel.

Nevertheless, ImmutableX (IMX) holds the 30th position in the crypto market with a market capitalization of $3.1 billion, which somewhat limits its growth potential given its already sizable market value. On the other hand, Bitcoin Minetrix, having garnered close to $6 million during its presale phase, stands out for its promising growth prospects, drawing interest from prospective investors in the dynamic cryptocurrency realm.

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