The Immutable X price prediction shows that IMX touches the resistance level of $0.61 and might rally further toward the $0.70 level.

Immutable X Prediction Statistics Data:

• Immutable X price now – $0.58
• Immutable X market cap – $655.1 million
• Immutable X circulating supply – 1.1 billion
• Immutable X total supply – 2 billion
• Immutable X Coinmarketcap ranking – #53

IMX/USD Market

Key levels:

Resistance Levels: $0.75, $0.80, $0.85

Support Levels: $0.40, $0.35, $0.30

IMX/USD touches the daily high of $0.61 today after which the price is hovering around the resistance level of $0.58. Any further bullish movement above the 9-day and 21-day moving averages may increase the Immutable X price to the resistance level of $0.70. However, traders should note that a consistent price increase could bring more buyers into the market as bulls increase their positions.

Immutable X Price Prediction: IMX/USD May Begin to Move Higher

According to the daily chart, if the Immutable X price crosses above the 9-day moving average, it is likely to break toward the upper boundary of the channel. However, the daily chart reveals that if the 9-day moving average crosses above the 21-day moving average, it will confirm the presence of the bulls in the market. Meanwhile, if the bulls fail to push the coin to the upside, the bears may take advantage and bring the market price below the lower boundary of the channel

Nevertheless, the technical indicator Relative Strength Index (14) is likely to face the 40-level. Meanwhile, if the Immutable X price heads toward the upper boundary of the channel, it may locate the resistance levels at $0.75, $0.80, and $0.85 but sliding to the south could bring the price to the supports at $0.40, $0.35, and $0.30.

IMX/BTC May Head to the North

Against Bitcoin, the Immutable X price is moving to cross above the 9-day and 21-day moving averages. Meanwhile, if the coin trades near the upper boundary of the channel, crossing above it could hit the resistance level at 2700 SAT and above.

On the contrary, if the sellers bring the market back to the south, traders can expect a fall toward the lower boundary of the channel, and a support level of 1800 SAT and below could be found. Meanwhile, the technical indicator Relative Strength Index (14) may cross above the 40-level, suggesting a bullish movement for the coin.

ImmutableX Alternatives

The Immutable X price is hovering at $0.58 with a gain of 1.32%. Meanwhile, for the fact that the coin is recording slight gain, IMX/USD may begin to follow a bullish movement within the channel if the bulls increase the pressure.

However, the Wall Street Memes‘ presale is now in the final stage, meaning that it’s nearing its completion as $WSM prepares to launch on major exchanges. Early-bird investors can purchase $WSM for $0.0337, a price anticipated to be lower than the eventual CEX listing price as the token has raised over $25m so far.

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• Source: https://insidebitcoins.com/news/immutable-x-price-prediction-for-today-august-24-imx-technical-analysis