The ImmutableX price prediction shows that the price momentum was in the bull's favor earlier, as it rallied from demand to a resistance-based supply level from $0.6000 to $3.7500.
But, at the top supply level, the price failed to sustain and started declining, and the IMX crypto exhibited a sign of more deterioration in the coming sessions, as the price tumbled from a crucial level of around $3.7500 on the chart.
As per the IMX price prediction, it appears like it is approaching a massive price decline, as it touches the major hurdle level and starts to plunge, and starts shattering the support level.
ImmutableX Token Price And Indicator Analysis
The ImmutableX price asset is exhibiting bearishness and falling capacity as it slides below major trend 20-day and 50-day EMA bands, reliant on the sellers' surge, its price could slump more.
Similarly, the ImmutableX price asset is exhibiting bearish performance as MACD shows a bearish cross at -0.0553with histogram at -0.0170, and the RSI is not close to the 30 level yet at 39.45, meaning that the ImmutableX asset is not facing significant buying pressure and can continue to fall in the coming session.
On the overall analysis, the chart shows that ImmutableX has recorded good performances in the previous quarter by 16.87%. However, the ImmutableX price prediction is revealing bearish signs and displays that it has the capacity to sink lower.
Even, it has achieved bad performance in the previous week, and month by -13.54%, and -17.56% respectively, signifying a steady downward movement.
At the time of publishing, the ImmutableX price crypto is experiencing a decline of -8.17% in the last 24 hours, currently trading at $2.6602.
Therefore, ImmutableX price prediction highlights that if it fails to stay above the $2.500 level, it could decline further and reach lower levels.
However, if the demand for the token remains high, the ImmutableX asset price could bounce back from the current level. The next target for the price is to reach $3.7500 and $4.00.