Immutable X (IMX), a leading platform for NFTs and gaming on Ethereum, is featured today.
The co-founder of Immutable discusses a total of 147 games, which amounts to almost one game per day. Additionally, the Immutable zkEVM was launched in beta about three months ago. With more than 60 games planned to launch in the next five months, this growth could positively impact IMX’s stock price.
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Technical analysis immutable X (IMX) price
The analysts at Crypto Insiders recently added IMX to their watchlist. They also recently shared a first update for this. This is what they said about the coin:
“After a significant decline, the price has now reached the blue support zone, which coincides with the 61.8% and 76.8% Fibonacci retracement levels between $1.18 and $1.73. This zone could potentially serve as an important support area.
Right now we want to see how the price reacts in this zone. If support holds here, we expect a potential reversal to the upside. The first resistance level we will monitor is around $2.12, which coincides with the 50% Fibonacci retracement.
If the price remains above this support zone, we see opportunities for a further increase towards the higher Fibonacci levels in the longer term, such as $2.98 and possibly even $3.76. We remain bullish on IMX as long as the price remains above this critical support zone.”
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