ImmutableX Price Prediction for Today, March 17: IMX/USD Recovers near $1.50, More Gains Incoming?

The ImmutableX value prediction shows that IMX is altering palms at $1.42 as the technical indicator strikes into the overbought region.

ImmutableX Prediction Statistics Data:

• ImmutableX worth now – $1.42
• ImmutableX market cap – $1.22 billion
• ImmutableX circulating supply – 868.5 million
• ImmutableX complete provide – 2.0 billion
• ImmutableX Coinmarketcap rating – #44

IMX/USD Market

Key Levels:

Resistance levels: $1.75, $1.85, $1.95

Support ranges: $0.95, $0.85, $0.75

IMX/USD has been working on its restoration. At the time of writing, the ImmutableX (IMX) price is hovering at $1.42, with 18.97% within the green. However, the ImmutableX (IMX) is seen heading toward the upper boundary of the channel; the bullish rally could proceed to play out.

ImmutableX Price Prediction: IMX May Create Additional Gains

The ImmutableX value is but to clear the hurdles above the channel. Instead, the bears are trying to force their way again toward the south. Therefore, a break under the $1.00 assist level might provoke a good deeper decline toward the $0.95, $0.85, and $0.75 assist ranges. Looking at the Relative Strength Index (14), ImmutableX might proceed to observe the upward development because the sign line crosses above the 70-level respectively.

Moreover, if the bulls can collect sufficient power and push the market above the upper boundary of the channel, then the worth might hit the resistance ranges of $1.75, $1.85, and $1.95 respectively. So, additional motion above these key resistance ranges ought to, subsequently, encourage extra shopping for.

Meanwhile, when compares with Bitcoin, the ImmutableX value is moving nicely above the 9-day and transferring averages in other to achieve the resistance at 5500 SAT. Unless this resistance is effectively exceeded and the value ends up closing above it, there might not be any cause to expect a long-term bullish reversal.

IMXBTC – Daily Chart

However, sliding towards the lower boundary of the channel could refresh lows under 5000 SAT, and a attainable bearish continuation could likely meet the most important help at 4000 SAT and below, while the buyers may push the coin to the potential resistance at 6500 SAT and above. Moreover, the Relative Strength Index (14) strikes above the 60-level, suggesting bullish motion.

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