Immutable ($IMX )
This week, staking for Immutable X will transition to Immutable zkEVM, marking an important step for the network and its users. This event could provide a bullish impetus for the platform and affect the price of the IMX token in the coming days.
IMX has lost 8.7% over the week, and its current price is $0.47. The altcoin is trying to hold above $0.46. If successful, IMX may reach the next resistance at $0.49 and possibly rise to $0.53.
The parabolic SAR is currently above the candles, indicating a bearish trend. If this continues, the price of IMX may fall. A drop below $0.44 would signal weakness, negating the bullish outlook and increasing the risk of losses for investors.
