$IMX / USDT - Finding Support After a Sharp Correction? 📉➡️❓
$IMX / USDT is currently trading at 0.572, down -9.49% today. Looking at the 4-hour chart on Binance, we can see a sharp upward move followed by a significant correction.
After reaching a high of 0.678, $IMX experienced a strong sell-off, finding a low at 0.564. The current price is hovering just above this low, suggesting a potential area of support.
Key Points:
* Current Price: 0.572 USDT
* 24h Change: -9.49%
* Recent High: 0.678 USDT
* Recent Low (Potential Support): 0.564 USDT
* Experiencing a sharp correction
Traders will be watching to see if this support level holds and if IMX can consolidate before a potential rebound. The significant price drop warrants caution, and the 0.60 level could act as initial resistance on any upward move.
What's your take on IMX's sharp correction? Is this a buying opportunity or a sign of further weakness? Share your thoughts with caution! 👇
