Rebound fuels IMX rally: Can Immutable X extend gains?

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Immutable X jumps 7.28% today

Highlights

IMX/USD trades above short-term moving averages but remains below the long-term average, indicating near-term strength within a longer-term bearish setup.
Intraday momentum indicators show ongoing buyer strength, with no immediate overbought or oversold conditions detected.
Expected price range for the next 2 to 3 days is $0.0996 to $0.1068, with a 75% probability of an upward move.

Bullish momentum sustained as intraday indicators signal buy

On the technical side, IMX/USD is situated above the MA-20 ($0.1012) and MA-50 ($0.0999) on the hourly chart, but continues to trade below the MA-200 ($0.1487) on the daily timeframe. The immediate support is defined by the Ichimoku Kijun level at $0.1004. Momentum signals remain positive intraday, with both MACD and ADX flashing Buy. RSI stands at 61, which shows a bullish bias, and CCI is on Buy, while Stoch RSI is currently Neutral. Bull/Bear Power indicates ongoing buyer dominance; however, the Awesome Oscillator remains neutral and does not confirm a prevailing trend.

Bullish breakout risk rises as price tests volatility range

Over the next 2–3 trading days, IMX is expected to range between $0.0996 and $0.1068. There is a high probability (75%) of an upward move within this corridor, while the chance of a downside move stands at 25%. The baseline scenario calls for sideways action within this volatility band. If the price breaks above the upper boundary, it could trigger a bullish continuation, whereas a drop below immediate support at $0.1004 might prompt further downside.

Anton Kharitonov, expert at Traders Union, notes that IMX is showing short-term technical strength but remains under the crucial MA-200 resistance. He sees momentum and buyer signals on the intraday charts, yet cautions that the broader trend is not confirmed. Kharitonov emphasizes the lack of supportive news or catalysts at the moment. "Until MA-200 is reclaimed or a significant event emerges, I remain cautious and expect sideways action within the current band."

Earlier, analysts noted that Immutable X was under sustained downside pressure with technical signals skewed to the bearish side. The current shift in short-term momentum suggests traders should monitor the $0.1004 support level closely, as a breakdown here could indicate renewed downside risk despite recent gains.

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.