As most coins in the crypto market continue to decline, Immutable X (IMX) Posting incredible gains in the last week or two. Recent series news has largely driven this boom, but can IMX keep it going? Here are some highlights:
-
Immutable X (IMX) announced that it has raised $200 million to expand its ecosystem.
-
Despite the rally, Immutable X (IMX) is still trading at its ATH . much less than
-
At press time, the coin was trading at around $1.8.
Data Source: Tradingview
Invariant X (IMX) – Price Prediction
The recent 50% increase for Immutable X (IMX) came as a welcome surprise to investors. The market has been very volatile over the past few days and it has become harder every day to find some good news across the board. But despite this, we expect IMX to back down a bit.
In fact, at the time of writing, the coin has lost around 5% in the past 24 hours, trading at $1.85. The most important thing to see right now is the $1.95 mark. If indeed, IMX can find enough bullish trend to test that range or cross that range, we could see more gains in the near term.
But there is still a huge sell-off risk. When coins rally like this, they will plateau at some point. For IMX, it looks like the point is $1.8. The brake below this can cause more damage.
Is immutable X (imx) worth it?
There is no doubt that the illiquid X (IMX) has fallen sharply since reaching its all-time high a few months ago. The coin has also been on a bearish trend for the most part of this year.
While this may be a problem for the short term, from a longer term perspective, Irreversible X (IMX) is still a good buy with significant potential.