Immutable X Price Prediction 2023 – When will IMX hit $10?

Foreign Despite nft industry challenges immutable excess IMX USD price has recovered and is near its 2023 Peak in the current week IMX price today is 60 higher which is a significant recovery compared to other weeks immutable X is a popular Layer Two blockchain platform for gaming and nfts which is sensitive to Industry swings

The massive drop in 2022 clearly defines how strongly this instrument is correlated with the nft industry the nft industry is struggling one of the signs that came from this week’s meta platforms exit was a major setback as previously reported meta collaborated with polygon and flow to sell nfts on

Its popular social media platforms many other mainstream corporations have failed in nft GameStop’s partnership with Loop ring and immutable X is uncertain notwithstanding these limitations IMX is rising for two reasons first immutable X said it has no svb or signature exposure instead it has 280 million Australian

Dollars in cash mostly in US dollars second the corporation teased its biggest token upgrade for improvements the developers hope will transform the ecosystem will be added in five days should you invest in the immutable X token let’s see the upcoming price direction from the IMX usdt technical analysis On the weekly chart a strong bullish candle is seen after a consolidation which is a sign of a stable bullish Trend in the long-term perspective however any bullish Trend continuation momentum should continue after a correction for IMX usdt the current buying pressure might extend once the profit taking is over

In the daily chart the recent sell side liquidity grab and bullish break of the structure are seen from the 0.760 swing low which is the bottom of the current tradable range on the upside a similar pattern came from the 2.848 level which will be the top of the current tradable range

Current price is trading at the discounted zone of the tradable range we may expect the bullish momentum to extend in the coming days the higher time frames direction is also visible from the 100-day SMA below the current price the near-term dynamic 20 dma support is above the 100 SMA and pushing higher

Meanwhile the recent buying pressure created a gap between the price and the dynamic 20 EMA as a result a minor downside correction may happen as a mean reversion before continuing the bullish trend the indicator window shows the buying pressure to be Extreme as the current macd histogram is above the zero line

With a strong buying pressure based on the current daily Outlook their broader Outlook is bullish and the price is likely to increase after completing the bearish correction there are two point of Interest areas from where a bullish rejection may offer a trend trading opportunity investors should monitor how the price

Reacts in 1.161 1.010 and 0.882 0.760 areas to find a high probable buying opportunity In the H4 chart the bullish Trend continuation opportunity is solid as a stable price above the Kumo Cloud area is visible the price made a base at the 1.027 support level and extended the gain above the dynamic 10kan sen and key June send levels with multiple higher high formations in the indicator window

The stable trend is also visible from the adx indicator which is stable above the 20.00 line based on the H4 chart we may expect the price to come down towards Dynamic cage and center Port from where any bullish price action could offer a long opportunity on the other hand a counter-impulsive

Bearish pressure with a bearish H4 candle below the cumo cloud could eliminate the buying possibility and lower the price toward the 0.756 support level In the hourly chart the current price is aiming higher building a trendline liquidity which can limit the current buying pressure at any time however the bullish break of structure at the 1.329 level with a stable Market above it is a sign of a strong bullish trend in that case downside pressure from the

Channel formation could offer another long opportunity to Bulls from a reliable Zone the latest bullish structure Break made the 1.209 to 1.154 area a valid point of interest from where any lower time frame bullish signal could offer a trading opportunity however a Deeper Discount is possible if

The price exceeds the 1.150 level and forms a bearish H4 close in that case the liquidity grab from the 1.026 low and bullish signal from the 0.946 to 0.994 area could provide another buying opportunity below the 0.940 level with an H4 candle might eliminate the bullish possibility

And lower the price towards the 0.756 support level Based on the current analysis of IMX usdt the broader Outlook is bullish where a sufficient bearish correction and bullish Candlestick formation could be a long opportunity however investors should monitor how the price reacts on H4 and H1 point of Interest levels from where a high probable bullish opportunity May Come Thank you foreign

Immutable X Price Prediction 2023 – When will IMX hit $10?
Read the Full Analysis: https://www.topfxbrokersreview.com/immutable-x-imx-price-prediction

#imx #immutablex #immutableprice

Despite NFT industry challenges, Immutable X’s IMX/USD price has recovered and is near its 2023 peak. In the current week, IMX price today is 60% higher, which is a significant recovery compared to other weeks.

Immutable X is a popular layer-2 blockchain platform for gaming and NFTs, which is sensitive to industry swings. The massive drop in 2022 clearly defines how strongly this instrument is correlated with the NFT industry.

The NFT industry is struggling. One of the signs that came from this week’s Meta Platforms exit was a major setback. As previously reported, Meta collaborated with Polygon and Flow to sell NFTs on its popular social media platforms. Many other mainstream corporations have failed in NFT. GameStop’s partnership with Loopring and Immutable X is uncertain.

Notwithstanding these limitations, IMX is rising for two reasons. First, Immutable X said it has no SVB or Signature exposure. Instead, it has A$280 million in cash, mostly in US dollars. Second, the corporation teased its biggest token upgrade. Four improvements that developers hope will transform the ecosystem will be added in five days.

Should you invest in the Immutable X token (IMX)?

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