IMX Price Prediction 2024: Will IMX Rise to $1.91 by Dec 30?

IMX price is expected to rise by 30.07% in the next 5 days according to our Immutable X price prediction. IMX is trading at $1.45 after gaining 6.69% in the last 24 hours.

IMX price is expected to rise by 30.07% in the next 5 days according to our Immutable X price prediction. IMX is trading at $1.45 after gaining 6.69% in the last 24 hours. The coin outperformed the cryptocurrency market, as the total crypto market cap increased by 5.45% in the same time period. IMX performed well against BTC today and recorded a 4.99% gain against the world’s largest cryptocurrency.

Our Immutable X price prediction uses a range of technical indicators to help investors gauge where IMX will go next. According to our analysis, IMX is expected to reach a price of $1.91 by December 30, 2024. This would represent a 30.07% price increase for IMX in the next 5 days.

IMX Price Prediction Chart

Buy/Sell Immutable X

What has been going on with Immutable X in the last 30 days

Immutable X has been displaying a negative trend recently, as the coin lost -16.03% in the last 30-days. The medium-term trend for Immutable X has been bearish, with IMX dropping by -17.97% in the last 3 months. The long-term picture for Immutable X has been negative, as IMX is currently displaying a -39.71% 1-year price change. On this day last year, IMX was trading at $2.40.

Immutable X reached its all-time high price on November 26, 2021, when the price of IMX peaked at $9.46. The current IMX cycle high is $3.69, while the cycle low is at $0.379166. IMX has been displaying high volatility recently – the 1-month volatility of the coin is at 14.23. Immutable X recorded 17 green days in the last 30 days.

Immutable X technical analysis for today - December 27, 2024

The sentiment in the Immutable X markets is currently Bearish, and the Fear & Greed index is reading Greed. The most important support levels to watch are $1.43, $1.38 and $1.34, while $1.51, $1.55 and $1.60 are the key resistance levels.

Bearish sentiment for Immutable X

5 indicators are currently signaling a bullish prediction for Immutable X, while 21 indicators are showing a bearish forecast. With 81% of indicators favoring a negative prediction. This results in an overall Bearish sentiment for Immutable X.

Crypto market is currently experiencing Greed

Currently, the Fear & Greed index is at 73 (Greed), which signals that investors have a positive outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

Immutable X moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Immutable X is positioned in the market right now.

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Immutable X is at 44.81, suggesting that IMX is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Immutable X over the last 50 days. Currently, Immutable X is trading above the SMA 50 trendline, which is a bullish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the IMX closing price for the last 200 days. IMX is now trading above the SMA 200, signaling that the market is currently bullish.

The bottom line about this Immutable X prediction

After considering the above factors, we can conclude that the current forecast for Immutable X price prediction is Bearish. IMX would have to increase by 30.07% to hit our $1.91 target within the next five days. Moving forward, it will be important to monitor the IMX market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the