The post IMX Price Surges As Volatility Increases! What’s Next For Immutable This Week? appeared first on Coinpedia Fintech News
After displaying a neutral trend for a while, the IMX price has recorded a jump of over 11%, indicating a rise in the bullish sentiments for the coin. Further, the rise in the bull power within the crypto space is assumed to be the prime reason for the pump.
The Immutable price traded in a closed range between $1.8925 and $2.0916 for a brief period, following which the market lost momentum and the price broke down its support level. After this, the price traded between $1.7223 and $1.8925 for the next four days. After multiple failed attempts, the bulls gained just enough momentum to break out of the resistance level.
TradingView: IMX/USDT
The price then traded sideways for about a week, indicating weak buying and selling pressure for the coin in the market. Following this, the bulls recorded a breakout, but the rally was short-lived as the price faced reje
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