Immutable X Price Prediction: Perpetual Swaps OI For IMX Favors Downtrend

Bitcoin Ethereum News

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Immutable X Open interest is currently near $32.66 Million which is favoring a downtrend.
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IMX technical indicators are favoring a bearish momentum in price.
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IMX token price has seen a decline of 5.2% in the intraday session.

Immutable is one of the first layer 2 solutions to scale NFT on Ethereum. As per the Immutable X, they eliminate the limitations of Ethereum like low scalability and poor user experience. The platform is built with the help of zk-rollups which helps it to achieve massive scalability.

The users of Immutable do not have to pay gas fees for …

Source: https://www.thecoinrepublic.com/2023/05/12/immutable-x-price-prediction-perpetual-swaps-oi-for-imx-favors-downtrend/