$IMX /USDT

🟪 IMX/USDT Overview

Current Price: $0.413

24h Change: -13.96% 🔻

24h High: $0.484

24h Low: $0.412

Volume:

IMX: 18.10M

USDT: $7.98M

Category: Layer 2 / Ethereum Scaling

📊 Key Levels

TypePriceDescriptionResistance 1$0.433Minor intraday resistanceResistance 2$0.449Key short-term supply zoneResistance 3$0.48424h highCurrent$0.413Testing local bottom zoneSupport 1$0.412Intraday low + weak supportSupport 2$0.410Round number + order book defenseSupport 3$0.396–$0.400*(Estimated) prior accumulation range

📉 Technical Outlook

🔻 Trend: Strongly Bearish

IMX has dropped nearly 14% in 24h — one of the biggest Layer 2 losers today.

Descending structure seen on all intraday timeframes (15m, 1h, 4h).

No signs of a recovery yet; price hovering just above daily low ($0.412).

Volume profile indicates heavy sell pressure in the $0.44–$0.45 zone.

🔍 Volume & Market Action

Bearish volume spike earlier today suggests panic selling or forced exits.

Order book tilts slightly to the bid side near $0.410, but not enough for a reversal confirmation.

IMX is underperforming peers like ARB, OP, and MATIC.

📈 Trade Ideas

🔴 Bearish Breakdown

Entry: Below $0.410 on confirmed 15m close

Target: $0.396 → $0.380

Stop Loss: $0.426 (just above near resistance)

🟢 Reversal Play (Riskier)

Entry: Break and hold above $0.433 with volume

Target: $0.449 → $0.464

Stop Loss: Tight below $0.412

📌 Summary

Bias: Bearish

Momentum: Strong downward with no sign of bottoming yet

Support Area to Watch: $0.396–$0.400

Recovery Needs: Volume-backed reclaim of $0.433+

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