In this ImmutableX technical analysis, we will examine the current price action, trading volume, key levels and indicators for IMX-USDT. ImmutableX (IMX) is a decentralized gaming platform that leverages blockchain technology to provide secure and transparent gameplay. IMX utilizes a proof-of-stake consensus algorithm, allowing for faster and more energy-efficient transactions compared to traditional proof-of-work algorithms. With ImmutableX, gamers can enjoy a wide variety of games with the security and fairness of blockchain technology.
ImmutableX Price Overview:
As of June 19, 2024, ImmutableX is trading at approximately 1.5551 USDT. Let’s dive into the detailed price action for IMX-USDT:
| Metric | Value |
|---|---|
| Open (O) | 1.4725 |
| High (H) | 1.5953 |
| Low (L) | 1.4536 |
| Close (C) | 1.5551 |
| Volume (C) | 2,404,459.42 |
- Open (O): The opening price for today’s trading session was approximately 1.4725 USDT.
- High (H): ImmutableX reached a daily high of around 1.5953 USDT.
- Low (L): The daily low for IMX-USDT was approximately 1.4536 USDT.
- Close (C): At the time of analysis, ImmutableX is trading near its daily close of 1.5551 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | 5.59% |
| 3D Change (%) | -9.10% |
| 7D Change (%) | -18.98% |
| 30D Change (%) | -39.22% |
| 90D Change (%) | -45.52% |
| YTD Change (%) | -27.04% |
Over the past three days, IMXUSDT has decreased by approximately -9.10%, showcasing increased market volatility. Throughout the last week, it continued to decline, with a loss of around -18.98%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with IMXUSDT maintaining a downward trend of approximately -39.22%, despite intermittent fluctuations. Examining the last 90 days, IMXUSDT has witnessed substantial drop of approximately -45.52%, reflecting strong long-term confidence. Year-to-date, IMXUSDT has steadily declined by around -27.04%, 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-USDT 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 0.65741.
- Momentum score is -0.29713.
IMX USDT Technical Analysis
ImmutableX Trading Volume:
The trading volume for ImmutableX (IMX) over the past 24 hours has been insignificant, with approximately 2,404,459.42 USDT 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-USDT is currently in the low zone, around 37.97444. This suggests that ImmutableX is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
ImmutableX (IMX-USDT) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals for potential downward movement.
Consider bearish sentiment in ImmutableX (IMXUSDT) at 1.56 USDT with technical analysis, showcasing weakened support and cautionary indicators.
For a deeper dive into the subject, don’t miss our comprehensive analysis on IMX BTC ImmutableX Technical Analysis if you found this post intriguing.
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.