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10 months ago
5
ARTICLE AD BOX
- Bullish IMX price prediction for 2024 is $3.8745 to $5.7076.
- Immutable (IMX) price might reach $5 soon.
- Bearish IMX price prediction for 2024 is $1.6941.
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.
TABLE OF CONTENTS |
INTRODUCTION |
|
IMMUTABLE (IMX) PRICE PREDICTION 2024 |
|
| IMMUTABLE (IMX) PRICE PREDICTION 2025, 2026-2030 |
| CONCLUSION |
| FAQ |
Immutable (IMX) Current Market Status
| Current Price | $2.91 | 24 – Hour Price Change | 0.98% Up |
| 24 – Hour Trading Volume | $228,618,028 |
| Market Cap | />$3,946,388,371 |
| Circulating Supply | 1,355,429,364 IMX | All – Time High | $9.50 (On Nov 26, 2021) |
| All – Time Low | $0.3781 (On Dec 31, 2022) – CoinGecko |
What is Immutable (IMX)
| TICKER | IMX |
| BLOCKCHAIN | Ethereum Blockchain |
| CATEGORY | Layer-2 scaling solution |
| LAUNCHED ON | November 2021 |
| UTILITIES | Governance, tipping system, gas fees & rewards |
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
(Source: TradingView)Immutable (IMX) Price Prediction 2024
Immutable (IMX) ranks 22nd 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 Rounding Bottom. That signifies a long-term reversal in price trends, typically observed after extended downward movements lasting weeks to months. Distinguished from the cup and handle pattern, the rounding bottom lacks a temporary downward handle. Its initial slope indicates excess supply, pushing prices down, but a shift occurs as buyers enter at lower prices, boosting demand. Once the rounding bottom forms, a breakout signals a new upward trend, suggesting a positive market reversal and a shift from bearish to bullish sentiment.
At the time of analysis, the price of Immutable (IMX) was recorded at $2.9554. If the pattern trend continues, then the price of IMX might reach the resistance levels of $$3.2730 and $21.7419. If the trend reverses, then the price of IMX may fall to the support of $0.5022.
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.
| Resistance Level 1 | $3.8745 |
| Resistance Level 2 | $5.7076 |
| Support Level 1 | $2.6187 |
| Support Level 2 | $1.6941 |
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.
| INDICATOR | PURPOSE | READING | INFERENCE |
| 50-Day Moving Average (50MA) | Nature of the current trend by comparing the average price over 50 days | 50 MA = $2.1621 Price = $2.9477 (50MA < Price) | Bullish/Uptrend |
| Relative Strength Index (RSI) | Magnitude of price change;Analyzing oversold & overbought conditions | 75.2911 <30 = Oversold 50-70 = Neutral >70 = Overbought | Overbought |
| Relative Volume (RVOL) | Asset’s trading volume in relation to its recent average volumes | Below cutoff line | Weak volume |
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).
| INDICATOR | PURPOSE | READING | INFERENCE |
| Average Directional Index (ADX) | Strength of the trend momentum | 28.2302 | Strong Trend |
| Relative Volatility Index (RVI) | Volatility over a specific period | 48.13 <50 = Low >50 = High | Low Volatility |
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.
| Year | Bullish Price | Bearish Price |
| Immutable (IMX) Price Prediction 2025 | $3.5 | $0.55 |
| Immutable (IMX) Price Prediction 2026 | $3.9 | $0.69 |
| Immutable (IMX) Price Prediction 2027 | $4.8 | $0.86 |
| Immutable (IMX) Price Prediction 2028 | $5.3 | $0.99 |
| Immutable (IMX) Price Prediction 2029 | $5.7 | $1.23 |
| Immutable (IMX) Price Prediction 2030 | $6 | $1.92 |
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 $5.7076. Comparatively, if unfavorable sentiment is triggered, the bearish Immutable (IMX) price prediction for 2024 is $1.6941.
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.
FAQ
1. 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.
2. Where can you purchase Immutable (IMX)?
Traders can trade Immutable (IMX) on the following cryptocurrency exchanges such as OKEx, Huobi Global, Bybit, and Bitget.
3. Will Immutable (IMX) reach a new ATH soon?
With the ongoing developments and upgrades within the Immutable platform, Immutable (IMX) has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of Immutable (IMX)?
Immutable (IMX) hit its current all-time high (ATH) of $9.50 on Nov 26, 2021.
5. What is the lowest price of Immutable (IMX)?
According to CoinMarketCap, IMX hit its all-time low (ATL) on Nov 05, 2021.
6. Will Immutable (IMX) reach $5?
If Immutable (IMX) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $5 soon.
7. What will be Immutable (IMX) price by 2025?
Immutable (IMX) price is expected to reach $3.5 by 2025.
8. What will be Immutable (IMX) price by 2026?
Immutable (IMX) price is expected to reach $3.9 by 2026.
9. What will be Immutable (IMX) price by 2027?
Immutable (IMX) price is expected to reach $4.8 by 2027.
10. What will be Immutable (IMX) price by 2028?
Immutable (IMX) price is expected to reach $5.3 by 2028.
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Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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