ImmutableX Price Prediction for Today, February 28: IMX/USD Takes the Day as Price Aims at $1.10 Level
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The ImmutableX price prediction shows that IMX is currently changing hands at $1.09 as the technical indicator swings to the upside.
ImmutableX Prediction Statistics Data:
- ImmutableX price now – $1.09
- ImmutableX market cap – $922 million
- ImmutableX circulating supply – 849.3 million
- ImmutableX total supply – 2 billion
- ImmutableX Coinmarketcap ranking – #55
IMX/USD Market
Key Levels:
Resistance levels: $1.40, $1.50, $1.60
Support levels: $0.80, $0.70, $0.80
IMX/USD is keeping the upward movement as its price moves toward the upper boundary of the channel with a gain of over 12.78%. At the time of writing, the ImmutableX (IMX) bulls remain above the 9-day and 21-day moving averages and capped to the upside at $1.11.
ImmutableX Price Prediction: ImmutableX (IMX) Could Spike High
The ImmutableX (IMX) price keeps hovering above the 9-day and 21-day moving averages but the bullish rally failed to materialize above the $1.11 level. Yesterday, the coin failed to clear the hurdles above the moving averages but today, the bulls are back in the market as they keep the coin above the moving averages. Moreover, a break toward the channel may provoke a bull run to hit the resistance levels of $1.40, $1.50, and $1.60 respectively.
The daily chart reveals that IMX/USD may tend to move higher as the technical indicator Relative Strength Index (14) moves to cross above the 60-level. Nevertheless, if the buyers failed to keep the coin on the upside, it could slide below the lower boundary of the channel to reach the support levels of $0.80, $0.70, and $0.60.
Against Bitcoin, the ImmutableX price is likely to cross above the upper boundary of the channel in other to reach the nearest resistance at 5000 SAT. Unless this coin crosses above the channel and the price ends up closing above it, there might not be any reason to expect a bullish continuation.
On the contrary, any movement below the nearest support could refresh lows below the 9-day moving average, and a possible bearish continuation may likely meet the major support at 3000 and below while the buyers may push the coin above the channel to hit the resistance at 6000 SAT and above. Meanwhile, the technical indicator Relative Strength Index (14) is moving to cross above the 60-level to increase the bullish movement.
ImmutableX Alternatives
The buying pressure in the ImmutableX market has not been as strong as it use to be after the bulls touched the resistance level of $1.35 price level in the last few weeks. Since then, the buying pressure has been too weak to sustain a bullish trend. But as the market has seen an increase in the selling momentum in the past few days, this may likely trigger an increase in the buying momentum as well. Nevertheless, Fight Out (FGHT) is a move-to-earn (M2E) platform that allows users to earn rewards by participating in various physical activities. The token is currently in the presale as close to $5m has been raised so far. Meanwhile, as the presale comes to an end in the first quarter of 2023, the price of the token is expected to increase once it goes live.
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