In this ImmutableX technical analysis, we will examine the current price action, trading volume, key levels and indicators for IMX-BTC. ImmutableX (IMX) is a decentralized platform that enables the creation and trading of unique digital assets. IMX utilizes blockchain technology to provide secure and transparent transactions, allowing creators to monetize their digital assets in a trustless environment. With its focus on security, scalability, and user experience, ImmutableX (IMX) is poised to revolutionize the digital asset marketplace.
ImmutableX Price Overview:
As of July 06, 2024, ImmutableX is trading at approximately 2e-05 BTC. Let’s dive into the detailed price action for IMX-BTC:
| Metric | Value |
|---|---|
| Open (O) | 2e-05 |
| High (H) | 2e-05 |
| Low (L) | 2e-05 |
| Close (C) | 2e-05 |
| Volume (C) | 48,606.29 |
- Open (O): The opening price for today’s trading session was approximately 2e-05 BTC.
- High (H): ImmutableX reached a daily high of around 2e-05 BTC.
- Low (L): The daily low for IMX-BTC was approximately 2e-05 BTC.
- Close (C): At the time of analysis, ImmutableX is trading near its daily close of 2e-05 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | -0.18% |
| 3D Change (%) | -10.79% |
| 7D Change (%) | -5.98% |
| 30D Change (%) | -29.09% |
| 90D Change (%) | -42.49% |
| YTD Change (%) | -55.41% |
Over the past three days, IMXBTC has decreased by approximately -10.79%, showcasing increased market volatility. Throughout the last week, it continued to fall, with a loss of around -5.98%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with IMXBTC maintaining a downward trend of approximately -29.09%, despite intermittent fluctuations. Examining the last 90 days, IMXBTC has witnessed substantial decrease of approximately -42.49%, reflecting strong long-term confidence. Year-to-date, IMXBTC has steadily declined by around -55.41%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
ImmutableX Live Chart:
You can access a live price chart for IMX-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.58275.
- Momentum score is -0.1446.
IMX BTC Technical Analysis
ImmutableX Trading Volume:
The trading volume for ImmutableX (IMX) over the past 24 hours has been insignificant, with approximately 48,606.29 BTC traded against IMX. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): IMX is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): ImmutableX is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for IMX-BTC is currently in the low zone, around 36.40672. This suggests that ImmutableX is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
ImmutableX (IMX-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals for potential downward movement.
Clearly see potential bearish trend for ImmutableX (IMXBTC) at 2.25e-05 BTC through detailed technical analysis, highlighting weakened support and cautionary indicators.
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Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.