$IMX
IMX/USDT – Technical Analysis
Current Price: $0.603 | 24h Change: +7.49%
IMX has shown strong bullish momentum, bouncing from the recent low of $0.554 and testing resistance at $0.611. The price action indicates a possible breakout from the consolidation zone, supported by high volume and increasing buying pressure.
Key Levels to Watch:
Support: $0.562 – $0.603
Resistance: $0.639 – $0.716
Targets if Bullish Momentum Continues:
🎯 Target 1: $0.639
First resistance level, tested previously. A breakout above this confirms short-term bullish trend.
🎯 Target 2: $0.698
Medium-term resistance. Breaking this level could attract more buyers and signal a trend continuation.
🎯 Target 3: $0.716
Strong resistance zone. If price reaches this, it may face consolidation or pullback unless volume supports a breakout.
Indicators:
RSI: Trending upwards but not yet overbought.
Volume: Increasing steadily — a bullish signal.
Moving Averages: Price trading above 50 EMA — bullish crossover expected if momentum sustains.