Immutable X falls 12.24% as technicals reinforce continued selling pressure

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Immutable X drops 12.24% to $0.152

Highlights

Immutable X is merging its X and zkEVM blockchain environments into a unified platform to boost scalability and enhance infrastructure for Web3 gaming.
The company will launch a dedicated Mobile Gaming Division in September 2025 to further support and expand Web3 gaming experiences on mobile devices.
IMX trades at $0.152, well below key moving averages, with technicals indicating strong selling pressure, elevated volatility, and a short-term downside range of $0.136–$0.166.

Platform unification and mobile focus as Web3 gaming scales

Immutable X has announced the merger of its X and zkEVM blockchain environments to form a unified platform, aiming to enhance scalability for Web3 gaming and improve developer tools. This strategic consolidation is expected to simplify infrastructure and deliver a better player experience across the ecosystem. The launch of a dedicated Mobile Gaming Division in September 2025 further highlights the company's focus on supporting Web3 gaming on mobile devices.

Bearish momentum confirmed by technical weakness and oversold signals

Technically, IMX remains under pressure with its price well below the MA-20, MA-50, and MA-200, indicating clear short-, medium-, and long-term bearish momentum. The closest resistance is the Ichimoku Kijun at $0.2266, with no immediate support defined below the current price. Daily momentum indicators reinforce this weakness: the MACD and ADX both point to continued negative momentum, and oversold readings from the RSI (23.61), Stochastic RSI (0.0000), and CCI (–144.40) signal excessive selling. Bull/Bear Power continues to forecast a “Sell,” supported by a negative reading from the Awesome Oscillator.

Tight range expected as low rebound odds persist amid volatility

Over the next five trading days, IMX is expected to fluctuate within a typical volatility band between $0.136 and $0.166, in line with recent high volatility and prevailing bearish sentiment. The probability of a sustained rebound remains low (less than 20%), with sideways movement between $0.136 support and $0.166 resistance as the most likely scenario. A move above $0.166, potentially targeting the Ichimoku Kijun at $0.2266, would be required to alter sentiment. Conversely, a breakdown below $0.136 would open the way to further downside as sellers remain in control.

Anton Kharitonov, analyst at Traders Union, sees continued weakness in IMX as prices stay well below all major moving averages and sentiment remains bearish. Despite strategic efforts like the blockchain merger and upcoming Mobile Gaming Division, market participants show little confidence in a sustained rebound. Until there is a close above $0.166, downside risks prevail. "With no support below and momentum still negative, my base case is cautious — I expect more sideways or lower price action until buyers reclaim key resistance."

Previously it was reported that Immutable X is trading well below its key moving averages, with persistent downward pressure indicated by bearish momentum and oscillator signals such as MACD, RSI, and CCI in oversold territory. The asset faces strong resistance at $0.2373 and weak support near $0.1530, making further short-term declines likely amid high volatility and sustained selling momentum.

Source of Data: IMX Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.