IMX climbs about 10.5% after upcoming token unlock and strong technical signals

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Immutable surges 10.42% to $0.1822 today

Highlights

Immutable X will unlock around 9.62 million IMX tokens valued at approximately $1.54 million on October 3.
The upcoming token unlock represents a notable supply increase for IMX, with implications for liquidity and trading dynamics.
IMX/USD trades in a bullish structure, overbought signals persist, and the expected 5-day price range is $0.1663 to $0.2012.

Token unlock scheduled as flows shape investor sentiment

According to data from RootData, Immutable X will conduct a token unlock of approximately 9.62 million IMX tokens at 8:00 AM Beijing time on October 3, valued at around $1.54 million.

Anton Kharitonov, expert at Traders Union, sees the IMX rally as highly speculative and vulnerable to reversal. He notes technical momentum is strong, but overbought readings on RSI and CCI raise short-term risk. The upcoming token unlock poses a supply shock that could disrupt bullish sentiment. He remains skeptical of sustained upside, especially with intraday volatility so elevated. "Traders should be wary of chasing entries here — overbought signals and supply events often produce sharp pullbacks."

Viktoras Karapetjanc, expert at Traders Union, points to the robust bullish structure in IMX as a signal of strong investor confidence. He emphasizes the token unlock event is driving demand and highlights persistent buying pressure as a positive catalyst. Technical alignment above all moving averages supports the case for further growth. The analyst expects the market to offer several trading setups if the price breaks above $0.2012. "Current momentum and structural factors suggest this uptrend remains intact, and I see attractive opportunities for both short- and medium-term traders."

Sholanke Dele, market strategist, expresses caution about the current price surge in IMX. He warns that sentiment may be overly optimistic ahead of the token unlock, which could increase volatility or pressure prices lower. Dele notes that intraday momentum remains with buyers for now, but risk of a sharp reversal is heightened by the overbought conditions. "I would be careful establishing new positions here, as market euphoria often fades quickly after such unlock events."

Bullish structure confirmed as overbought signals warn of risk

IMX/USD is currently trading above all major daily moving averages, with the price at $0.1822 compared to the MA-20 at $0.1351, MA-50 at $0.1255, and MA-200 at $0.1426. This alignment indicates short-, medium-, and long-term bullish momentum, confirming upward structure. Immediate support is seen at the near-term floor of $0.1772, while resistance is at the near-term ceiling of $0.2012. Momentum signals are strong, with Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) both at buy levels and the Average Directional Index (ADX) at a neutral read, suggesting a growing trend but not yet at high strength. RSI sits in overbought territory at 72.52, with both Stochastic RSI and Commodity Channel Index (CCI) also confirming overbought conditions. Bull/Bear Power (BBP) at 0.0246 signals that buyers dominate intraday momentum, but both Stochastic RSI and CCI are flashing overbought warnings. Awesome Oscillator (AO) is supportive of continued upside. IMX/USD is up $0.0172 or 10.42% for the day, opening with a small upside gap of 0.3% and trading near session highs. Intraday volatility stands at 8.11%. The tone is firmly bullish with buyers sustaining pressure toward intraday highs, though overbought readings advise caution.

Earlier, analysts noted that Immutable X maintained a bullish technical bias with expectations for continued upward momentum and consolidation. This latest analysis strengthens that outlook, as both technical signals and trading activity suggest that holding above $0.1772 remains critical for sustaining the current trend in the face of upcoming token unlock-driven volatility.

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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