Long
the IMVU crypto revealed a sign of sustenance
IMVU price plummeted by 29.64% in trading volume on all tradeable platforms in the last 24 hours, as per CoinMarketCap. Its market value is $900,615.11 and its trading volume is $132.167.79. There are 226.37 Million VCORE self-claimed assets in circulation, while its total supply is 8 Billion VCORE.
The IMVU token highlights that the price has been in an uptrend earlier over a daily timeframe and showed a sharp increase over time. The price flew from the demand zone at $0.001800 to the supply level at $0.005350. This scenario looks like a quick dump over the chart as the uptrend got violated and the price came back to the demand zone.
After a prolonged consolidation in the same demand zone, the price flew once again from the price point of $0.001800 to the new greater supply level at $0.017000. This phenomenon was repeated and the price plunged again, as buyers failed the war with the sellers.
However, the IMVU crypto revealed a sign of sustenance as the price is not going below the support level of around $0.003250 on the chart.
At the time of publishing, the crypto experienced an 8.74% surge in the last 24 hours, trading at $0.003721. Therefore, if IMVU manages to surge based on buyers' interest, the resistance would be at $0.005350.
On the flip side, if the IMVU crypto price fails to stay above $0.003250, it could decline further and reach new depths.
The technical indicators tools like EMA, MACD, and RSI illustrate the bullish potential. As the price is sustaining on dynamic support of 20, and 50-day EMA, the MACD line is above the zero line and the RSI of IMVU is above the median line.
The IMVU token highlights that the price has been in an uptrend earlier over a daily timeframe and showed a sharp increase over time. The price flew from the demand zone at $0.001800 to the supply level at $0.005350. This scenario looks like a quick dump over the chart as the uptrend got violated and the price came back to the demand zone.
After a prolonged consolidation in the same demand zone, the price flew once again from the price point of $0.001800 to the new greater supply level at $0.017000. This phenomenon was repeated and the price plunged again, as buyers failed the war with the sellers.
However, the IMVU crypto revealed a sign of sustenance as the price is not going below the support level of around $0.003250 on the chart.
At the time of publishing, the crypto experienced an 8.74% surge in the last 24 hours, trading at $0.003721. Therefore, if IMVU manages to surge based on buyers' interest, the resistance would be at $0.005350.
On the flip side, if the IMVU crypto price fails to stay above $0.003250, it could decline further and reach new depths.
The technical indicators tools like EMA, MACD, and RSI illustrate the bullish potential. As the price is sustaining on dynamic support of 20, and 50-day EMA, the MACD line is above the zero line and the RSI of IMVU is above the median line.
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