Is The Rocket About To Be Launched and Take IMX Flying?

Aug 31

The 33th-largest cryptocurrency globally, ImmutableX (IMX), showed a 3% gain in the past week. A continuous acceleration in gains is anticipated, which could generate a higher high spree.

Previously, IMX has been on a consistent fall for the last five months, marked by a series of lower lows that led to a falling wedge.

The IMX has broken above the falling wedge with a notable increase; such a breakout indicates a shift toward bullishness in the long term.

Presently, while writing, the IMX struggles to move past $1.5, but it's above 20-day and 50-day EMA, signifying a significant bullish presence.

Potential support levels for the IMX are seen at $1.250 and $0.901, while resistance levels are expected at $1.550 and $1.752, respectively.