๐ฅ $IMX (Immutable X) Price Update & 1-Week Forecast โ Whatโs Next?
Immutable X ($IMX), the Ethereum Layer-2 designed for NFTs and Web3 gaming, continues to attract attention from both traders and long-term believers.
๐ Current Market Snapshot:
Current Price: $0.629
Market Cap: $1.16 Billion
Circulating Supply: 1.89 Billion IMX
All-Time High (ATH): $9.4974
Current Price vs ATH: ~93% below peak
Despite the heavy discount from ATH, IMX remains a top L2 asset in terms of adoption.
๐ฎ IMX 1-Week Price Prediction
๐ง Bearish Outlook
CoinCodex expects IMX to drop to $0.491 by July 21, a potential ~22% decline.
CoinCheckup predicts a deeper retracement to $0.4006, suggesting caution for short-term traders.
๐ค๏ธ Neutral-to-Bullish Scenario
CoinLore offers a slightly optimistic view, expecting IMX to hit $0.6454 within 10 days, showing a minor 2โ3% upside.
๐ Technical Indicators (Mixed Bag)
Moving Averages: 11 Buy vs 3 Sell โ momentum still alive.
Oscillators: Mostly neutral โ suggesting consolidation ahead.
Investing.com Signals: Daily = Sell, Hourly = Strong Buy โ signals volatility.
๐ฏ Trading Strategy:
โ Short-Term Traders:
Brace for high volatility. Set alerts around $0.59 and $0.49 to spot breakout or breakdown levels.
โ Long-Term Holders:
If you believe in the future of Web3 gaming and Immutableโs roadmap, dips around $0.40โ$0.50 may offer solid accumulation opportunities.
โ On-Chain Watchlist:
Keep an eye on Immutableโs game launches, developer activity.
๐ฃ Final Thoughts:
IMX is trading far below its ATH, but itโs still one of the most fundamentally strong L2 tokens in the market.
๐ฌ Whatโs your IMX strategy this week? Accumulate or wait for a lower entry?
Let us know in the comments below ๐
Donโt forget to Like & Share if this helped ๐ฅ
