Immutable weekly forecast: Bearish momentum holds as MACD signals strong sell

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Immutable slides 3.49% this week

Highlights

Immutable trades at $0.1079 after a 3.49% decline over the past 7 days, closing at the lower end of its recent range.
Bearish momentum dominates as the price remains below key moving averages, with technical indicators showing strong sell signals and approaching oversold conditions.
The expected trading range over the next 7 days is $0.0961 to $0.1125, with immediate support at $0.1069 and resistance at $0.1107.

Bearish technical signals persist as volatility rises over the week

The daily chart shows a flat trend with volatility at 8.14%, reflecting a sharp move lower without a sustained trend. MACD remains firmly in "Strong Sell" territory and daily oscillators such as RSI at 37.4972 are approaching oversold, underscoring bearish momentum. Immediate support is found at $0.1069, while $0.1107 serves as resistance, with the Ichimoku Kijun at $0.1178 acting as an additional resistance layer. On the daily setup, downside pressure dominates and near-term rallies are likely to encounter selling into both moving average and Kijun resistance bands.

Downside bias dominates as support risks and breakout triggers emerge

Over the next 7 days, the expected trading range is $0.0961 to $0.1125. There is a very high probability (more than 80%) of a decrease and a very low probability (less than 20%) of an increase. The base case sees Immutable consolidating between $0.1069 and $0.1107. A bullish scenario would require a break above $0.1107, opening a move toward the upper end of the forecast range. If support at $0.1069 fails, the door opens for a test of the lower end around $0.0961.

Anton Kharitonov, analyst at Traders Union, notes that Immutable stayed under intense selling pressure this week, locking in a 3.49% decline and settling at the bottom of its recent range. He observes that the price remains below all key moving averages, while bearish momentum persists according to both MACD and RSI readings. Technical structure is weak, with short-lived rallies expected to fail near resistance at $0.1107 and the Kijun line at $0.1178. Kharitonov sees no positive news to counter strong bearish sentiment, and he believes the probability of further downside remains high. The expected range is $0.0961 to $0.1125, with risks skewed to the downside if support at $0.1069 breaks. "Until Immutable recovers above $0.1107, I expect sellers to stay in control this week."

Earlier, analysts noted that Immutable remained under sustained downside pressure, with sellers controlling the trend and little evidence of a near-term recovery. The latest market action reinforces this bearish outlook, and traders should monitor support at $0.1069 for signs of further deterioration toward the $0.0961 level.

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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