In this Immutable (IMX) price prediction 2024, 2025-2030, we will analyze the price patterns of IMX by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
Immutable (IMX) Current Market Status
What is Immutable (IMX)
Immutable X is a layer-2 scaling solution for NFTs on Ethereum. It was created to improve Ethereum’s scalability and user experience. IMX is the native token of Immutable X. It was used to pay for transaction fees and incentivize users and developers on the platform.
Immutable X was founded in 2018 by James Ferguson, Robbie Ferguson, and Alex Connolly. The platform provides game developers and all NFT creators with unmatched throughput at zero gas rates for trading and mining NFTs in a carbon-neutral environment.
Immutable 24H Technicals
Immutable (IMX) Price Prediction 2024
Immutable (IMX) ranks 36th on CoinMarketCap in terms of its market capitalization. The overview of the Immutable price prediction for 2024 is explained below with a daily time frame.
In the above chart, Immutable (IMX) laid out the Ascending Triangle. The ascending triangle is a characteristic pattern of an ongoing bullish trend. This triangle is formed by a horizontal upper trendline that connects the highs and a lower trendline that connects the rising lows.
If the trend breaks out at the resistance level, the price will continue to move up in this ascending triangle pattern.
At the time of analysis, the price of Immutable (IMX) was recorded at $1.574. If the pattern trend continues, then the price of IMX might reach the resistance levels of $1.691 and $2.929. If the trend reverses, then the price of IMX may fall to the support of $1.110 and $0.922.
Immutable (IMX) Resistance and Support Levels
The chart given below elucidates the possible resistance and support levels of Immutable (IMX) in 2024.
From the above chart, we can analyze and identify the following as resistance and support levels of Immutable (IMX) for 2024.
Immutable (IMX) Price Prediction 2024 — RVOL, MA, and RSI
The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Immutable (IMX) are shown in the chart below.
From the readings on the chart above, we can make the following inferences regarding the current Immutable (IMX) market in 2024.
Immutable (IMX) Price Prediction 2024 — ADX, RVI
In the below chart, we analyze the strength and volatility of Immutable (IMX) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).
From the readings on the chart above, we can make the following inferences regarding the price momentum of Immutable (IMX).
Comparison of IMX with BTC, ETH
Let us now compare the price movements of Immutable (IMX) with that of Bitcoin (BTC), and Ethereum (ETH).
From the above chart, we can interpret that the price action of IMX is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of IMX also increases or decreases respectively.
Immutable (IMX) Price Prediction 2025, 2026 – 2030
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Immutable (IMX) between 2025, 2026, 2027, 2028, 2029, and 2030.
Conclusion
If Immutable (IMX) establishes itself as a good investment in 2024, this year would be favorable to the cryptocurrency. In conclusion, the bullish Immutable (IMX) price prediction for 2024 is $2.619. Comparatively, if unfavorable sentiment is triggered, the bearish Immutable (IMX) price prediction for 2024 is $0.696.
If the market momentum and investors’ sentiment positively elevate, then Immutable (IMX) might hit $5. Furthermore, with future upgrades and advancements in the Immutable ecosystem, IMX might surpass its current all-time high (ATH) of $9.50 and mark its new ATH.
This content was originally published by our partners at The News Crypto.