IMX gains with sellers dominating below MA-20 resistance: weekly forecast

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Immutable X gains 4.09% this week

Highlights

IMX remains under significant medium- and long-term bearish pressure, trading well below key moving averages and showing persistent seller dominance.
Momentum indicators present a strong bearish bias with limited positive signals, suggesting low probability of a sustained trend reversal next week.
Expected trading range for the week is $0.1185–$0.1478, with downside risks elevated if $0.1310 support fails to hold.

Token unlock lifts circulating supply as network adjusts to inflows

On July 10, 2026, approximately 1.14% of the circulating supply of IMX tokens valued at about $1.20 million was unlocked, impacting available supply on the Immutable X network.

Bearish momentum entrenched as price stays below all weekly resistance

Weekly technical signals remain negative, with IMX trading well beneath all major weekly moving averages: MA-20 at $0.1527, MA-50 at $0.3118, and MA-200 at $0.9621. The Ichimoku Kijun at $0.2109 acts as a distant resistance, and the nearest dynamic resistance is the MA-20, with no strong support from longer-term averages. Momentum indicators on W1 are predominantly bearish — MACD signals a Strong Sell, ADX is Neutral, and RSI sits at 38 (Sell). Stochastic RSI is Neutral, while CCI and Bull/Bear Power both confirm ongoing seller dominance. Weekly volatility is high at 44.75%, with price action concentrated near the bottom of the recent range.

Sideways action favored next week as selling suppresses rally chances

Looking ahead to the next 7 days, IMX is expected to trade between $0.1185 and $0.1478, with a baseline scenario anticipating sideways movement within the $0.13–$0.14 band as persistent selling limits rebounds. The probability of a sustained rally remains very low, as none of the main weekly indicators point to a buy signal. Should IMX overcome $0.1478, a short-term uptick is possible, but current data argue for further downside — failure to hold $0.1310 could trigger a drop toward the $0.12 area, where sellers may extend control.

Viktoras Karapetjanc, Traders Union expert, sees that IMX managed a moderate 4.09% gain this week despite staying below all its key moving averages. He notes that the recent unlock event increased available supply, which has kept selling pressure high and reinforced a bearish technical setup across weekly indicators. Still, Karapetjanc believes short-term volatility and the token's role in the broader crypto ecosystem offer tactical bounce opportunities, particularly if sentiment improves. He expects sideways movement to dominate in the coming week, but points out that any rally above $0.1478 could quickly attract renewed interest from market participants. "While current momentum remains negative, I see every dip in the $0.13–$0.14 area as a strategic entry zone for forward-looking investors ready to capitalize on a future turnaround."

Earlier, analysts noted that Immutable X had transitioned from bearish to bullish momentum as it faced a critical technical resistance. However, the latest market developments underscore a return to bearish dominance, making the $0.1310 support a pivotal level for traders to monitor in the coming week.

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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