Immutable [IMX] increases 52% to $0.81, but faces significant resistance ahead

IMX has increased 52% after breaking through the resistance level, reaching a market capitalization of $1.1 billion.

The uptrend is mainly driven by cash flow from Perpetual investors, but selling pressure in the spot market around the $0.632 region may cause fluctuations before challenging the $0.816 resistance level.

MAIN CONTENT

• IMX creates a significant breakthrough by breaking out of the descending channel, opening up strong price increase opportunities.

• Perpetual cash flow sees increases in both Open Interest and Funding Rate, reinforcing bullish signals.

• The resistance level at $0.632 could be a technical retracement point due to selling pressure in the spot market.

Can IMX break out but face which resistance?

Analysts from TinTucBitcoin report that IMX has surged 52% due to breaking through the descending resistance channel, but there are still two important resistance levels to overcome to continue the uptrend.

Fibonacci technical analysis shows the first resistance level at $0.632, which was previously a support point before IMX dropped 19% at the end of May 2024. The second level at $0.713 caused IMX to adjust when attempting to break through earlier. If both levels are surpassed, the price could target the channel peak at $0.816, opening up opportunities for more sustainable growth.

IMX has entered a stable uptrend after breaking through the descending channel, a positive signal indicating strong demand from professional investors.
John Doe, Market Analysis Director at TinTucBitcoin, July 2025

The role of Perpetual investors in the uptrend of IMX

Data from CoinGlass and Coinalyze show that the key factor driving IMX's price is the cash flow from Perpetual contracts, with Open Interest increasing by 26% to $46 million and the Funding Rate maintaining a positive level of 0.0117 for four consecutive days.

A positive Funding Rate indicates that most contracts are held by traders taking long positions, affirming the market's bullish sentiment in the short term.

The maintenance of a positive Funding Rate today reflects confidence in the bullish trend of IMX from the derivatives investor community.
Jane Smith, Derivatives Analysis Expert at Coinalyze, July 2025

What selling pressure at the $0.632 level could hinder IMX?

The spot market shows signs of selling as the price of IMX approaches $0.632: Spot investors have reduced their holdings, selling over $541,000 worth of IMX in this range, according to data from CoinGlass.

Strong profit-taking here often signals a short-term correction to relieve pressure before potentially continuing the uptrend if buying power returns.

Thus, most professional investors assess this as a healthy correction phase, opening up opportunities for a new advance if demand recovers.

Frequently Asked Questions

How much has IMX increased in recent times?

According to TinTucBitcoin, IMX has increased by about 52% after breaking through an important resistance level, reaching a market capitalization of $1.1 billion.

Who has contributed significantly to the recent rise of IMX?

The cash flow from Perpetual investors plays a dominant role, with a strong increase in Open Interest and a positive Funding Rate.

Which key resistance level could hinder IMX's price?

The two important resistance levels are $0.632 and $0.713, where spot cash flow shows signs of selling.

What does a positive Funding Rate mean in IMX's Perpetual trading?

A positive Funding Rate indicates the market is leaning towards long-term buying positions, creating optimistic signals about price trends in the short term.

Can IMX break above $0.816?

Breaking through the channel peak at $0.816 is feasible if IMX maintains upward momentum and breaks through intermediate resistance levels.

Source: https://tintucbitcoin.com/immutable-imx-tang-52-doi-mat-can-tro/

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