IMX/USDT Breaks Out with +12.9% Gains - Rally Gaining Steam
Hey Square fam! 🚀 IMX/USDT is trending today, trading at $0.709 with a +12.9% gain in 24 hours. Volume is strong at 27.43M IMX traded worth $19.27M USDT, showing real buying interest. Let’s look at the technicals, fundamentals, and price outlook.
Technical Analysis
IMX has broken the key resistance at $0.67. The 24-hour high $0.760 and low $0.611 show good volatility. Candlesticks are mostly green, closing at $0.709. Moving averages:
MA(7): $0.658 price above confirms upward momentum
MA(25): $0.652 acts as support
MA(99): $0.559 - longer-term trend is bullish
RSI is around 67.55, not overbought. Daily chart shows IMX near upper Bollinger Band. Close above $0.72 could push to $0.80. Support levels $0.672 and $0.623. Resistance at $0.760 with $0.8349 possible long-term. Minor outflows -$2.89M, watch overall market flow.
Fundamentals
IMX is the native token of Immutable X, a Layer 2 zk-rollup on Ethereum for NFTs and gaming. Zero gas fees and scalable transactions make it attractive. Circulating supply ~1.94B/2B.
Key catalysts:
Ubisoft Partnership - blockchain features in "Might & Magic: Fates"
Call of Myth Tournament - $1M Web3 esports event Sep 25, 2025
MEXC Integration - 40M users with direct access
Immutable Chain Launch – tx fees up 28.8% QoQ
Market cap ~$1.43B. Web3 adoption and staking rewards add bullish pressure. Risks include resistance tests and possible dip to $0.595 if broader market weakens.
Price Outlook
Short-term target $0.80 if volume holds. Weekly range $0.595-$0.664. 2025 targets: min $1.61, avg $2.62, max $3.27. Long-term to 2030 up to $9.77 if adoption grows. Watch token unlocks on Aug 8, 2025, and overall crypto volatility.
IMX is moving for strong reasons. Technicals, news, and gaming adoption support bullish momentum. Buy on dips, stop at $0.623, ride the trend.
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#CryptoGainers $IMX