1
IMX price displayed a rounding top formation and breached the 200 day EMA mark.
2
Buyers have lost momentum and are facing trouble.
The IMX price has retested the demand zone of $1.8000 and is at a make or break level, highlighting the bearishness on the charts. Moreover, the token price is displaying follow on selling pressure, slipping below its key moving averages. Additionally, the chart displays a rounding top formation and that the token is near the neckline support of $1.700.
At press time, the Immutable token (IMX) price traded at $1.87 with an intraday
drop of 2.68%, reflecting neutrality on the charts. It has a monthly return ratio of -37.20% and 65.90% on a yearly basis. The pair of IMX/BTC is at 0.0000297 BTC, and the market cap is $3.73 Billion. Analysts are bearish and suggest that the IMX token may replicate a breakdown and will retest the downside of $1.20 soon.
IMX Price Volume Profile On Daily Chart
The daily chart of Imm
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