Immutable (IMX)
Immutable (IMX)
Immutable price has declined continuously in the recent sessions losing nearly 20.06% a week. At the time of writing, Immutable was hovering close to $1.17 recording a swift intraday gain of 0.80%.
Currently, Immutable price hovers in a fear zone trading near the monthly lows. The transaction volume has dropped by 31.48% to $29.24 Million indicating a drop in demand. Out of total 2 Billion IMX tokens, nearly 80% of the supply i.e. 1.60 Billion IMX tokens are currently in circulation.
From a technical perspective, IMX price has dropped below all the key exponential moving averages of 20, 50 and 200 days suggesting a bearish outlook. On the lower side, if IMX breaks below the recent support of $1.1, it may validate a bearish continuation and the price may slump towards the psychological $1 level.
Immutable price has declined continuously in the recent sessions losing nearly 20.06% a week. At the time of writing, Immutable was hovering close to $1.17 recording a swift intraday gain of 0.80%.
Currently, Immutable price hovers in a fear zone trading near the monthly lows. The transaction volume has dropped by 31.48% to $29.24 Million indicating a drop in demand. Out of total 2 Billion IMX tokens, nearly 80% of the supply i.e. 1.60 Billion IMX tokens are currently in circulation.
From a technical perspective, IMX price has dropped below all the key exponential moving averages of 20, 50 and 200 days suggesting a bearish outlook. On the lower side, if IMX breaks below the recent support of $1.1, it may validate a bearish continuation and the price may slump towards the psychological $1 level.
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