Key Takeaways
- IMX’s Current Status: The Immutable price has experienced a sell-off in the past few days, which has delayed the possibility of a. The monthly gains remain above 20%, and the weekly rise is above 6%. Regardless of this, the price continues to trade around [current_prices pair=”IMXUSDT”], very close to the support at $1.
- Market Performance: the IMX price experienced a more than 100% rise in trading volume, which soared by levels around $37 million to as high as $100 million in less than 24 hours. As the price is facing bearish action, the market cap and volume plunge marginally while sustaining above the pivotal support.
- Technical Analysis: After breaking from the bearish pattern, the IMX price is retracing, which may drag the levels to the interim support at $1.3. However, the technicals have risen back within the positive range, suggesting a continued upswing may be in play until the price reaches the crucial resistance at $1.5.
- IMX Price Prediction: The market dynamics are believed to change in favour of bulls in the coming weeks. This could pave the way for a sustained upswing, hitting the yearly highs above $3.6. The technicals remain bullish, indicating the IMX price could remain elevated for the rest of 2024.
- Future Outlook: the future projections of IMX price remain bullish as the market dynamics are set to change. Fresh liquidity is set to enter the crypto markets, which may make the traders optimistic over the next price action. Therefore, the IMX price may maintain a strong ascending trend ahead.
Where will Immutable Price Head Next?
- Soon after rejecting the highs above $3.6, the price has remained stuck within a falling wedge, and the latest upswing has helped the token rise above the resistance
- However, after a fine rise, the token could be subjected to a significant pullback, and after a minor retracement, the price may resume rising back to the range.
- The Ichimoku cloud has just turned bullish, indicating a potential shift from a bearish trend that prevailed for a short period
- On the other hand, the +Di levels have diverted heavily from -Di levels, suggesting the bulls are in control, keeping up the bullish expectations of reaching $2 alive.
| Indicator | Value |
|---|---|
|
Support levels (Fibonacci, S1/S2/S3)
|
$1.2 / $1.05 / $0.84 |
|
Resistance levels (Fibonacci, R1/R2/R3) |
$1.6 / $1.75 / $2
|
|
50-day EMA |
$1.34
|
|
200-day EMA |
$1.76
|
|
RSI level |
54.91 |
|
MACD level (Signal Line) |
+0.01 |
Immutable Price Prediction September 2024
After a massive fall since March, the IMX price has been maintaining a consolidated trend since August. However, the IMX price has triggered a decent rebound in the past few days, which has revived the possibility of a bullish continuation. The token is about to enter the last week’s trade, which is expected to remain under bearish influence. The September month is expected to close on a bearish note around $1.55 to $1.58 as the bulls could remain passive throughout the month.
The bearish clouds are expected to fade away after a small consolidation in the first few days of the month. Although the price may not trigger a steep rebound and a continued upswing, the bulls could hold above the crucial support, keeping the bullish hopes alive. However, as the trade heads toward the end of the month, the volatility may increase, reviving a strong ascending trend. By the end of the month, the IMX price is believed to rise slightly and secure levels close to $2.
The price may surge above $2.2 in the first week which may attract bearish attention. Hence the price may continue to remain consolidated within a narrow range for a while, followed by a breakout during the second half of the month. In the last week, the bulls may reclaim their dominance and begin to elevate the levels toward higher targets. However, by the end of the monthly trade, the price may reclaim $2.5 and close the trade around $2.75 to $2.8.
With the bullish close for the month, the IMX price is expected to keep up the bullish momentum as the traders may have become optimistic about the next price action. This may cause a spike in the buying volume, which may further increase the volatility. Therefore, the price is set to form a new high of around $3, and a rejection may keep the rally below the range. However, the bullish hopes continue to remain alive, with the possibility of the price reclaiming $3.2 to $3.3 by the end.
Immutable Price Prediction 2025
Looking ahead to 2025, ImmutableX price is anticipated to experience steady growth as the crypto market continues to mature. The token may enter a phase of gradual appreciation, driven by broader adoption of blockchain technology and increasing utility within the gaming and NFT sectors. Technical indicators such as the Moving Averages (MAs) could point to sustained bullish momentum, with potential support levels forming around $3.5. The Relative Strength Index (RSI) might occasionally dip into overbought territory, signaling periods of strong upward movement. However, traders should remain cautious of potential market corrections, which could introduce volatility.
In 2026, Immutable price could see a more pronounced upward trajectory as the token solidifies its position in the decentralized finance (DeFi) and NFT ecosystems. With the growing popularity of layer-2 scaling solutions, IMX price may benefit from increased transaction volumes and user adoption. The price is projected to challenge higher resistance levels, potentially reaching the $5 to $6 range. The MACD could indicate prolonged bullish phases, while the RSI might signal occasional overbought conditions, reflecting strong market sentiment. Long-term investors may view this year as an opportunity to accumulate, expecting further gains in the coming years.
By 2027, ImmutableX price might be poised for significant advancements, particularly if the gaming and NFT sectors continue to expand. The token’s price could break new ground, targeting the $8 to $10 range as demand for layer-2 solutions and blockchain-based gaming platforms increases. Technical analysis might show a series of higher highs and higher lows, suggesting a strong uptrend. Fibonacci retracement levels could highlight key support zones, while the Bollinger Bands might indicate periods of high volatility as the token navigates through new price territories. This year could mark a critical period of growth and expansion for Immutable.
In 2028, Immutable price may experience a period of consolidation following several years of robust growth. The price might fluctuate within the $10 to $12 range, as the market digests previous gains and investors reassess their positions. Technical indicators like the RSI could show a more balanced market, with neither bulls nor bears holding a decisive advantage. The token may encounter resistance around the $12 mark, but continued development within the Immutable ecosystem could provide support and prevent significant declines. This year could be characterized by steady, albeit slower, growth as the market stabilizes.
As we approach 2029, ImmutableX price might enter another bullish phase, driven by continued innovation and adoption in the gaming and DeFi sectors. The token could target the $14 to $16 range, with technical indicators such as the MACD showing renewed bullish momentum. The RSI might suggest increasing buying pressure, particularly if the broader market sentiment remains positive. Key resistance levels could be tested and possibly broken, paving the way for further gains. However, traders should remain vigilant for potential pullbacks, as market dynamics could introduce periods of volatility.
By 2030, Immutable price may have firmly established itself as a leading token in the blockchain and NFT space. The price could challenge higher resistance levels, potentially reaching the $18 to $20 range. Long-term moving averages might indicate sustained upward momentum, while the RSI could point to overbought conditions during periods of strong demand. The token’s price action might reflect the broader adoption of blockchain technology across various industries, driving increased interest and investment. This year could represent a culmination of years of development and growth, positioning Immutable as a key player in the crypto market for the next decade.
Will Immutable Price Rise Again in 2024?
The Immutable price is experiencing some bearish actions but remains within a bullish range. Therefore, the price is expected to remain elevated for the rest of 2024, aiming for a new ATH in Q4.
