IMX advances 7.10% with resistance at MA-20 capping upside potential

Traders Union
All News
Crypto News
Immutable X rises 7.10% this week

Highlights

IMX is trading decisively below key moving averages, reflecting persistent medium- and long-term selling pressure.
Momentum remains bearish with weak trend strength, but multiple indicators suggest the market is nearing oversold conditions.
Expected range for the next week is $0.1465 to $0.1795, with sideways action likely and high risk of further decline.

Bearish momentum intensifies as indicators align with downside pressure this week

On the weekly chart, IMX continues to trade below all major moving averages, with the MA-20 ($0.2558), MA-50 ($0.4395), and MA-200 ($1.0273) positioned well above the current price. The nearest dynamic resistance is the MA-20, while support lies at recent weekly lows. Momentum indicators reinforce the bearish picture: the MACD is strongly negative, ADX shows a weak but persistent downtrend below 25, RSI at 32.71 edges closer to oversold levels, and CCI at –92.77 also underscores downside bias. Bull/Bear Power remains bearish, and overall weekly volatility is elevated at 13.02%.

Limited upside expected as volatility and weak signals cap next week’s range

Looking ahead over the next 5–7 trading days, IMX is expected to move within a range of $0.1465 to $0.1795, based on recent weekly volatility data. The probability of a meaningful upward move is very low (less than 20%), with all four major momentum indicators pointing to continued weakness. The baseline scenario anticipates range-bound trading between $0.1465 and $0.1795. If bullish momentum returns and the price breaks above $0.1795, the next resistance is the MA-20; if bearish sentiment prevails and IMX falls below $0.1465, retests of previous weekly lows may accelerate the longer-term downtrend.

Parshwa Turakhiya, market analyst, notes that despite a 7.10% gain for IMX this week, the price remains well below all major weekly moving averages and continues to face medium- and long-term selling pressure. He sees that bearish momentum dominates, with all four key momentum indicators pointing lower, and the RSI and CCI edging toward oversold territory. Volatility is elevated, hinting at potential for sharp swings, but sentiment remains defensive with no news to trigger renewed demand. Turakhiya believes the coming week will likely see IMX trade sideways within the $0.1465 to $0.1795 range, with the probability of a sustained bounce rated under 20%. "Until IMX convincingly reclaims the MA-20 near $0.2558, I expect sellers to control the tone and see any rebounds as short-lived within a bearish structure."

Last time, analysts noted that Immutable X was showing short-term relative strength above the 20-day moving average despite remaining below its medium- and long-term averages, while key momentum indicators signaled an oversold condition with mixed technical signals as intraday buying contrasted persistent bearish pressure. The week ahead is expected to bring range-bound trading within the $0.1500 to $0.1800 band, with upside potential constrained by weak momentum and resistance near $0.1650–$0.1700.

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

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.