IMX price prediction for 2024, 2025, and 2026 favors the bulls and suggests a significant rise in its value is possible. The Immutable price displayed a massive breakout and formed a bullish reversal pattern.
In mid-October, IMX crypto price took support near $0.5000 and began to recover by forming a higher high candle.
Recently, it broke out of the swing hurdle at $0.8495 with a high buying volume and surged 46% in the intraday session. However, the buyers were unable to hold gains, and the price returned to the breakout level.
The 50 and 200-day EMA reversing upward indicates the strength in the recent upmove. If the 50-day EMA positively intersects the 200-day EMA, then it will be considered a golden crossover. Therefore, if the golden crossover takes place, then it might fuel a further rally.
The recent up move and breakout look reliable and sustainable because it is supported by a high buying volume. It seems like crypto whales have already predicted the 2024 bull run and begin to accumulate IMX at a cheaper price.
At the time of writing, Immutable price is trading at $0.8953 with an intraday decline of -3.94%.
IMX Price Prediction 2024: Will IMX Price Get Doubled?
IMX price prediction for 2024 is bullish and upward momentum is likely to continue. The bulls look aggressive and they are trying to push the IMX price above $1.00.
In the coming months, if buyers sustain the price above $1.00 then more upside will open. The analysis suggests that bulls will lead the rally and price might double by 2024.
IMX Price Prediction For Upcoming Years
In 2024, IMX price might hit a potential high of $2.1000, and the average price is expected to be near $1.6000. However, in the upward journey, a short-term correction is also expected. But buyers are active and minor corrections will be easily absorbed near $0.8000.
In 2025, Immutable price prediction stays bullish and suggests new highs may be visible. However, in the first half of 2025, IMX crypto may spend some time in consolidation before rising upward.
In 2026, IMX price might lose the bullish momentum. The short-term correction and consolidation may also be visible. In the second half of 2026, bulls may return to track and price might hit a potential high of $3.00.
Conclusion
IMX price prediction for 2024, 2025, and 2026 is bullish and suggests an uptrend is likely to continue. The recent breakout looks reliable and seems that crypto whales are silently accumulating IMX at a cheaper price.
Technical Levels
- Resistance levels: $1.2462 and $1.6000
- Support levels: $0.7000 and $0.4785
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Nancy J. Allen is a crypto enthusiast and believes that cryptocurrencies inspire people to be their own banks and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning.
Source: https://www.thecoinrepublic.com/2023/11/06/imx-price-prediction-2024-2026-is-3-possible-by-2026-end/