Immutable [IMX] eyes $0.81 after 52% rally – But T

Immutable [IMX] eyes $0.81 after 52% rally – But THIS hurdle looms
Major hurdles could stall IMX bulls betting on a rally.

Key Takeaways
IMX surged 52% after breaking resistance, hitting $1.1 billion market cap. Perpetuals drove gains, but spot selling near $0.632 may signal a pullback before targeting $0.816 resistance.

Immutable [IMX] has been on an upward trajectory, with its market capitalization and price rising 14% to $1.1 billion and $0.62, respectively.
Perpetual investors have played a major role in driving the rally within this period. Still, market sentiment suggests potential headwinds that could limit further upside.
Will IMX rally or reverse? AMBCrypto’s analysis explores both possibilitiesj