Why Immutable traders are betting long as IMX tests $0.30

ambcryptoPublicado a 2026-01-18Actualizado a 2026-01-18

Resumen

Immutable (IMX) is gaining significant attention as its price rises by 9.50% to $0.293, accompanied by a 65% surge in trading volume to $35.48 million. This upward movement suggests strong market interest and active trader backing. A bullish cup-and-handle pattern has formed, and a breakout above the $0.30 resistance could lead to a further 16% rally toward $0.351. However, failure to break this level may result in a reversal. IMX is currently trading above the 50-day EMA, indicating a short-term uptrend, but the ADX value of 21.17 points to weak directional momentum. Derivatives data shows traders are favoring long positions, with $384.44K in longs compared to $305.85K in shorts, reflecting bullish short-term sentiment despite the key resistance at $0.30.

As the crypto market recovers, Immutable [IMX] has drawn fresh attention from traders. At the time of writing, IMX was up 9.50%, trading at $0.293.

This price gain is fueling expectations of further upside, supported by strong market interest. Trading volume surged 65% to $35.48 million, underscoring active participation.

The combination of rising price and volume suggests that both traders and investors are backing IMX’s current trend.

IMX price action and key level to watch

AMBCrypto’s technical analysis on the daily chart shows that today’s 9.50% gain in the IMX price has successfully formed a bullish cup-and-handle pattern and is now on the verge of a breakout.

Based on the current price action, if IMX’s upside momentum continues and the price breaks above the neckline at the $0.30 level, it could open the door for a further 16% rally toward $0.351 in the coming days.

IMX’s bullish thesis can only be validated if the asset clears the neckline; otherwise, history may repeat, and the price could see a reversal, as it has in the past.

At the same time, the price has already surpassed the 50-day Exponential Moving Average (EMA), with IMX hovering above it, at press time. This indicates that the asset is shifting toward a short-term uptrend and is a bullish sign for IMX holders.

However, the momentum indicator Average Directional Index (ADX), which measures trend strength, has reached 21.17, below the key threshold of 25, indicating weak directional momentum.

Are IMX traders turning bullish?

Besides the price action, data from the derivatives platform CoinGlass indicates that intraday traders are following the current trend.

According to the IMX Exchange Liquidation Map, traders are heavily favoring long-leveraged positions, which continue to rise compared to short-leveraged positions.

At press time, $0.276 on the downside and $0.30 on the upside are the two key levels attracting strong trader interest. Data shows that over the past 24 hours, traders have built $384.44K worth of long positions and $305.85K worth of short positions.

These positions and intraday trader bets indicate that short-term market sentiment is quite bullish. However, $0.30 continues to act as a strong resistance level.

Final Thoughts

IMX gained 9.50%, positioning itself for a potential 16% rally, though it is currently facing resistance.
Despite the bullish outlook, the technical indicator ADX suggests that IMX’s current trend remains weak, as its value is below 25.

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Preguntas relacionadas

QWhat is the current price of Immutable (IMX) and by what percentage has it increased?

AAt the time of writing, IMX is trading at $0.293, up 9.50%.

QWhat is the name of the bullish chart formation that IMX's price action has formed, according to the article?

AThe article states that IMX's price action has successfully formed a bullish cup-and-handle pattern.

QWhat key price point must IMX break above to validate the bullish thesis and potentially rally another 16%?

AIMX must break above the neckline at the $0.30 level to validate the bullish thesis and potentially rally toward $0.351.

QWhat does the Average Directional Index (ADX) value of 21.17 indicate about the strength of IMX's current trend?

AAn ADX value of 21.17, which is below the key threshold of 25, indicates that the directional momentum for IMX is currently weak.

QAccording to the Exchange Liquidation Map data, are traders building more long or short leveraged positions for IMX?

ATraders are building more long-leveraged positions, with $384.44K worth of long positions compared to $305.85K worth of short positions over the past 24 hours.

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Cómo comprar IMX

¡Bienvenido a HTX.com! Hemos hecho que comprar Immutable (IMX) sea simple y conveniente. Sigue nuestra guía paso a paso para iniciar tu viaje de criptos.Paso 1: crea tu cuenta HTXUtiliza tu correo electrónico o número de teléfono para registrarte y obtener una cuenta gratuita en HTX. Experimenta un proceso de registro sin complicaciones y desbloquea todas las funciones.Obtener mi cuentaPaso 2: ve a Comprar cripto y elige tu método de pagoTarjeta de crédito/débito: usa tu Visa o Mastercard para comprar Immutable (IMX) al instante.Saldo: utiliza fondos del saldo de tu cuenta HTX para tradear sin problemas.Terceros: hemos agregado métodos de pago populares como Google Pay y Apple Pay para mejorar la comodidad.P2P: tradear directamente con otros usuarios en HTX.Over-the-Counter (OTC): ofrecemos servicios personalizados y tipos de cambio competitivos para los traders.Paso 3: guarda tu Immutable (IMX)Después de comprar tu Immutable (IMX), guárdalo en tu cuenta HTX. Alternativamente, puedes enviarlo a otro lugar mediante transferencia blockchain o utilizarlo para tradear otras criptomonedas.Paso 4: tradear Immutable (IMX)Tradear fácilmente con Immutable (IMX) en HTX's mercado spot. Simplemente accede a tu cuenta, selecciona tu par de trading, ejecuta tus trades y monitorea en tiempo real. Ofrecemos una experiencia fácil de usar tanto para principiantes como para traders experimentados.

181 Vistas totalesPublicado en 2024.12.13Actualizado en 2026.06.02

Discusiones

Bienvenido a la comunidad de HTX. Aquí puedes mantenerte informado sobre los últimos desarrollos de la plataforma y acceder a análisis profesionales del mercado. A continuación se presentan las opiniones de los usuarios sobre el precio de IMX (IMX).