IMX Market Analysis – May 2025
Current Price: ~$0.73
Market Cap: $1.2B
Trend: Bullish with healthy consolidation
Timeframe: Daily (1D)
Technical Chart Overview:
IMX remains bullish on the daily timeframe with a 57% gain in the last 30 days. The Bull Market Valuation Tool indicates IMX is still undervalued, suggesting accumulation opportunities.
Support Levels: $0.65 – $0.67 (strong accumulation zone)
Resistance: $0.88 – $1.10 (potential rejection zones)
Structure: Forming higher lows; pullbacks are healthy within bullish trends.
Trade Setup:
Entry Zone: $0.65 – $0.70
Target 1: $0.88
Target 2: $1.10
Target 3 (Bullish Case): $1.75
Stop Loss: $0.58
Macro Sentiment Drivers:
Total Crypto Market Cap – Currently at $3.2T, targeting $5.7T. Still in a bullish phase with possible short-term consolidation.
Altcoin Market Cap – Holding above $1.2T support, targeting $1.6T and $2.4T. Altcoins remain undervalued — prime for accumulation.
USDT Dominance – Falling trend, indicating increased buying of altcoins. Bullish signal for the broader altcoin market.
Bitcoin Dominance – Potential for a decline, suggesting incoming Altcoin Season. A drop in BTC dominance often sparks major alt rallies.
Conclusion:
IMX remains in a favorable accumulation zone. With bullish sentiment from total market cap growth, altcoin strength, and declining USDT/BTC dominance, expect continuation to the upside. Watch for a healthy dip to $0.65–$0.70 as a potential long entry before further rallies.