Immutable’s IMX Eyes 60% Rally with 360% Jump in Whale Activity
In the mood of the market, the unchanged local token IMX has reached a vital level of support level of US $ 1.05, and is expected to make major rally. according to IMX Daily charts, this support level has always been beneficial to Altcoin, and usually triggers upward motivation.
Unchanged (IMX) technical analysis and upcoming level
Since July 2024, the IMX has reached this level more than six times, and each time has witnessed an impressive rising momentum. Considering its historical price movement, experts and analysts expect similar assemblies in the future.
In addition, IMX’s transaction on the daily timetable is lower than the 200 index moving average (EMA), which indicates a downward trend.
IMX price forecast
According to the recent price, if the price of IMX is higher than $ 1.00, it is likely that the price of $ 1.70 in the next few days may soar 60 %. IMX also witnessed the difference in bullishness of its daily schedule, which shows that the price reversal is an excellent opportunity.
Large transaction volume increased by 360 %
With this strong bullish price action, long -term holders and cryptocar whales have shown great participation in the tokens, as the chain analysis company Intotheblock revealed. According to data, in the past 24 hours, the large transaction volume of IMX has increased by 360 %.
Main liquidation area
Up to now, the lower main liquidation level is close to $ 1.02, and the upper side is $ 1.105. Traders have excessive leverage at these levels, as the chain analysis company reports Small shopEssence
The data further shows that if the market emotions remain unchanged and the price of IMX is less than $ 1.02, the long position of nearly $ 365,380 will be liquidated. Instead, if emotional transfer and price rose to $ 1.105, the liquidation will be liquidated about $ 425,170.
When these chain industry indicators are combined with technical analysis, it seems that investors are optimistic, but traders are using their current market emotions, and it seems that they are strongly bet on the drop.
