IMX is cooking up something BIG! ๐ฅ With price sitting strong around $0.626, bulls just reclaimed a critical FVG zone and defended the $0.508 support like pros. Now all eyes are on the breakout structure forming. ๐๐
Hereโs why this isnโt just noise โ itโs smart money activity:
๐น Support Confirmed: $0.508 has now flipped to strong support
๐น Resistance Zones:
โ R1: $0.70 (short-term breakout level)
โ R2: $0.785 (key to unlocking higher highs)
๐น MACD is bullish on daily and 12H โ momentum favors continuation
๐น RSI above 60 = strength without overbought risk ๐ค
๐น Multiple FVGs (Fair Value Gaps) are forming โ clear institutional footprints
Zooming out:
If IMX flips $0.70 cleanly, weโre likely testing $0.785 next. Beyond that? Skyโs the limit once confidence returns to alt markets. ๐
Bonus
IMX is powering Immutableโs massive gaming push. As on-chain game adoption grows, IMX could be a top performer in the next leg of the bull run. ๐ฎ๐
๐ Is this the start of a trend reversal โ or just a relief bounce?
๐ Drop your takes &
