Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.
- Immutable X is up 5.66% today against the US Dollar
- IMX/BTC increased by 3.98% today
- IMX/ETH increased by 3.66% today
- Immutable X is currently trading 7.92% below our prediction on May 28, 2023
- Immutable X dropped -22.43% in the last month and is down -24.87% since 1 year ago
| Immutable X price | $ 0.755833 |
| Immutable X prediction | $ 0.820882 (8.64%) |
| Sentiment | Bearish |
| Fear & Greed index | 50 (Neutral) |
| Key support levels | $ 0.712117, $ 0.695815, $ 0.686440 |
| Key resistance levels | $ 0.737793, $ 0.747168, $ 0.763470 |
IMX price is expected to rise by 8.64% in the next 5 days according to our Immutable X price prediction
Immutable X price today is trading at $ 0.755833 after gaining 5.66% in the last 24 hours. The coin outperformed the cryptocurrency market, as the total crypto market cap increased by 4.89% in the same time period. IMX performed well against BTC today and recorded a 3.98% gain against the world’s largest cryptocurrency.
According to our Immutable X price prediction, IMX is expected to reach a price of $ 0.820882 by May 28, 2023. This would represent a 8.64% price increase for IMX in the next 5 days.
IMX Price Prediction Chart
Buy/Sell Immutable X
What has been going on with Immutable X in the last 30 days
Immutable X has been displaying a negative trend recently, as the coin lost -22.43% in the last 30-days. The medium-term trend for Immutable X has been bearish, with IMX dropping by -21.02% in the last 3 months. The long-term picture for Immutable X has been negative, as IMX is currently displaying a -24.87% 1-year price change. On this day last year, IMX was trading at $ 1.01.
Immutable X reached its all-time high price on Nov 05, 2021, when the price of IMX peaked at $ 14.02. The current IMX cycle high is $ 1.57, while the cycle low is at $ 0.377004. IMX has been displaying high volatility recently – the 1-month volatility of the coin is at 12.54. Immutable X recorded 11 green days in the last 30 days.
Immutable X technical analysis for today – May 23, 2023
The sentiment in the Immutable X markets is currently Bearish, and the Fear & Greed index is reading Neutral. The most important support levels to watch are $ 0.712117, $ 0.695815 and $ 0.686440, while $ 0.737793, $ 0.747168 and $ 0.763470 are the key resistance levels.
Bearish sentiment for Immutable X
13 indicators are currently signaling a bullish prediction for Immutable X, while 16 indicators are showing a bearish forecast. With 55% of indicators favoring a negative prediction. This results in an overall Bearish sentiment for Immutable X.
Crypto market is currently experiencing Neutral
Currently, the Fear & Greed index is at 50 (Neutral), which signals that investors have a neutral outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.
Immutable X moving averages & oscillators
Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Immutable X is positioned in the market right now.
| Period | Daily Simple | Daily Exponential | Weekly Simple | Weekly Exponential |
| MA3 | $ 0.732686 (BUY) | $ 0.728418 (BUY) | – | – |
| MA5 | $ 0.745825 (BUY) | $ 0.733629 (BUY) | – | – |
| MA10 | $ 0.751347 (BUY) | $ 0.749537 (BUY) | – | – |
| MA21 | $ 0.798190 (SELL) | $ 0.795515 (SELL) | $ 0.877465 (SELL) | $ 0.879010 (SELL) |
| MA50 | $ 0.946201 (SELL) | $ 0.892793 (SELL) | $ 0.791580 (SELL) | $ 1.01 (SELL) |
| MA100 | $ 1.02 (SELL) | $ 0.916093 (SELL) | – | – |
| MA200 | $ 0.776236 (SELL) | $ 0.909619 (SELL) | – | – |
| Period | Value | Action |
| RSI (14) | 34.69 | BUY |
| Stoch RSI (14) | 88.04 | SELL |
| Stochastic Fast (14) | 10.83 | BUY |
| Commodity Channel Index (20) | -66.67 | NEUTRAL |
| Average Directional Index (14) | 43.27 | SELL |
| Awesome Oscillator (5, 34) | -0.13 | NEUTRAL |
| Momentum (10) | -0.02 | NEUTRAL |
| MACD (12, 26) | 0.00 | NEUTRAL |
| Williams Percent Range (14) | -89.17 | BUY |
| Ultimate Oscillator (7, 14, 28) | 49.95 | NEUTRAL |
| VWMA (10) | 0.76 | SELL |
| Hull Moving Average (9) | 0.77 | SELL |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 0.89 | NEUTRAL |
The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Immutable X is at 34.69, suggesting that IMX is currently neutral.
The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Immutable X over the last 50 days. Currently, Immutable X is trading above the SMA 50 trendline, which is a bullish signal.
Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the IMX closing price for the last 200 days. IMX is now trading above the SMA 200, signaling that the market is currently bullish.
The bottom line about this Immutable X prediction
After considering the above factors, we can conclude that the current forecast for Immutable X price prediction is Bearish. IMX would have to increase by 8.64% to hit our $ 0.820882 target within the next five days. Moving forward, it will be important to monitor the IMX market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Immutable X price predictions click here.
Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.
Source: https://coincodex.com/article/27523/immutable-x-prediction-may-23-2023/