IMX extends decline with selling pressure near 52-week low: weekly forecast

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Immutable slides 25.21% this week

Highlights

IMX remains under bearish pressure, consistently trading below all major moving averages with sellers dominating momentum.
Momentum signals across MACD, ADX, and power indicators confirm an entrenched downtrend, with oversold readings but no signs of reversal.
IMX is likely to stabilize between $0.1242 and $0.1411, with a break below $0.1242 potentially triggering new multi-year lows.

Downtrend momentum amplified by multi-indicator weakness over the week

On the weekly timeframe, IMX shows pronounced downward momentum with price action not only below all key moving averages, but also consolidating near its 52-week low. The MA-20 at $0.1631 caps immediate resistance, while persistent selling pressure is reflected in a high weekly volatility of 34.11%. Weekly RSI stands at 35 and CCI at -120, both approaching oversold territory, but neither indicator confirms a reversal signal yet. MACD and ADX remain deeply negative, and Bull/Bear Power continues to favor sellers, confirming the dominant downtrend.

Subdued outlook ahead as downside risk persists in volatile range

For the next 7 days, IMX is expected to remain subdued, likely oscillating between $0.1242 and $0.1411 in line with current elevated volatility and absence of bullish momentum. A sustained move above $0.1411 would be required to alter the negative outlook, but the probability of this is less than 20% based on key W1 trend indicators. If price decisively breaks below $0.1242, a new multi-year low is likely as trend and volatility both favor sellers. Baseline expectations are for continued stabilization near current levels, with downside risks outweighing the potential for a rebound.

Sholanke Dele, market strategist, sees the past week for IMX defined by relentless selling, with price action closing near its 52-week low and all momentum signals negative. He notes that the lack of supportive news and deep oversold readings do not yet offer a credible rebound case. The analyst remains skeptical of any near-term upward move while volatility stays high and all key moving averages act as firm resistance. "As long as IMX trades below $0.1411 and sellers stay dominant, I can’t assign any confidence to a sustained recovery this week."

Earlier, analysts noted that Immutable (IMX) was entrenched in a sustained bearish trend, with technical signals favoring continued selling pressure. The latest weekly data reinforces this outlook, highlighting elevated volatility and underscoring the importance of monitoring a potential move below the $0.1242 level as a trigger for further downside risk.

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

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