IMX, MKR, TAMA and I

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Amidst the struggle of the bulls to take control of the whole crypto market, only a few coins are pliant enough to submit to the bulls’ buying pressure. With the RSI of ImmutableX and Maker perking up from an extremely oversold region, these two coins now appear attractive to the bulls.

Finally, Tamadoge is emerging out of the oversold region, as indicated by the RSI indicator. With the moving average signaling buy, the buying pressure now overwhelms the bears as they get crushed out of the market.

ImmutableX (IMX/USD)

IMX/USD had been ranging between two significant levels: $0.730 and $1.300 in the market. This range market began in May 2022 and ended after a bullish order block was mitigated on October 4. Now that the $0.380 demand zone has been hit, the bearish order block around the $0.730 price level might get invalidated as the price rallies upward.

ImmutableX (IMX/USD)

Current Price: $0.5095
Market Capitalization: $0.35B
Trading Volume: $41M
7-day Gain: 1.80%

Maker (MKR/USD)

MKR/USD has been climbing the diagonal support until the middle of August 2022 for about two months.Price broke the diagonal support and crashed down to create the low of the market’s current trading range. $1163.0 and $581.0 marked the high and low of the current trading range. Price has retraced into the $78.60 retracement level, and it’s probably now heading towards the 100% retracement level.

Maker (MKR/USD)

Current Price: $790.10
Market Capitalization: $0.77B
Trading Volume: $79M
7-day Gain: –8.54%

Tamadoge (TAMA/USD)

As the market hits the $0.02330 demand zone, TAMA/USD perks up from the overbought region and now rally upward, breaking the diagonal resistance in the process. While the immediate bearish order block might cause a pullback, the $0.02580 support will most likely be a re-entry level for the bulls.

Tamadoge (TAMA/USD)

Current Price: $0.2576
Market Capitalization: $24.82M
Trading Volume: $3.98M
7-day Gain: –11.07%

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