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IMX Gains Momentum with 300% Volume Surge
By: cryptosheadlines|2025/05/04 15:15:01
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Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com IMX price broke resistance after surging 12% with strong trading volume support.Long/short ratio and daily active addresses hint at growing bullish sentiment.Chart patterns and indicators suggest IMX could target $0.75–$0.80 if momentum holds.Immutable X — IMX, has broken free from a persistent downtrend. After weeks of sideways motion, this gaming-focused token finally pushed through a tough resistance zone. Price jumped nearly 12% in just 24 hours, sending a clear message—buyers are back. Volume didn’t just rise—it exploded, soaring 300% and signaling renewed energy in the Immutable ecosystem. With broader market sentiment warming up, IMX is now flashing bullish signals across the board.IMX Breaks Resistance as Traders Turn OptimisticIMX now trades around $0.639 after shaking off a stubborn downtrend that began in February 2025. This breakout aligns with a classic inverse head and shoulders pattern. The neckline at $0.60 has officially been breached. That breakout flips the chart from neutral to bullish. Based on the pattern, price targets now stretch between $0.75 and $0.80.On-chain data paints a similar picture. Santiment reports a long/short ratio of 1.004. That tips the scale toward bulls, suggesting more traders expect further upside. Daily active addresses are rising too—another healthy sign. Positive divergence between engagement and price now sits at 63.22%. Traders aren’t just watching; they’re participating.Volume is the headline here. CoinMarketCap shows a 300% surge in trading activity. Market cap followed closely, jumping 11% to reach $1.16 billion. This sudden rush of liquidity didn’t come out of nowhere. Momentum builds fast when a project solves real-world problems. Immutable’s gaming ecosystem is doing just that.Chart Indicators Support Bullish MomentumThe daily RSI hovers near 64 and still climbs. That hints at growing momentum but avoids overbought territory. RSI pushing past 70 might trigger a pause, though. Bollinger Bands offer more insight. Price now presses against the upper band, squeezing with tension. If pressure builds, a breakout could extend the rally even further. Failure to hold that edge could send the price toward the mid-band near $0.52. MACD adds another layer. A bullish crossover has just taken place. Green bars on the histogram confirm upward pressure. If price closes above $0.68, IMX could accelerate toward that $0.80 resistance. Traders now have reasons to stay alert. Patterns, volume, indicators—they all point up.IMX escaped a stubborn downtrend and soared 12% on rising volume. User engagement surged alongside price, showing renewed investor interest. Technical indicators support bullish continuation, with targets between $0.75 and $0.80.Momentum remains strong—but RSI and Bollinger Bands hint at possible short-term pullback.Source link
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