• 23 July, 2024
Market News

Immutable IMX Climbs to $0.9384 Following News of an Upcoming Collection of Exclusive Genesis Card Packs

Immutable, a blockchain-based platform for creating and trading digital collectibles, recently announced that AradenaWarrior is minting their exclusive collection of 65K Genesis Card Packs on the Immutable platform! The news has been met with great excitement amongst users, and the IMX token price has surged by over 7%.

The Immutable platform has enabled AradenaWarrior to provide users with access to the full range of their cards and offers a secure, immutable blockchain-based infrastructure for players to conduct transactions. This groundbreaking feature is set to revolutionize the online gaming community and push the boundaries of digital collectible gaming.

IMX token holders worldwide have been delighted to witness the token price increase following this news, with IMX now trading at $0.9384. This marks a crucial milestone for Immutable and is expected to bring even more users onto the platform.

Immutable price action in the last 24 hours: Coinmarketcap

Immutable IMX price analysis

Immutable prices hiked to a monthly high of $0.9476 after a buying spree, breaking above the $0.9000 resistance level. The buying pressure has been further supported by the news of AradenaWarrior’s collection of 65K Genesis Card Packs being minted on the Immutable platform.

The IMX/USD pair is now trading at $0.9384, and a break above this price point could extend gains toward the $1.0000 level in the coming days. The IMX/USD pair could find some short-term resistance at $0.9450, and a break above this price point may propel prices toward the $1.0000 mark in the near future.

The technical analysis reveals IMX/USD is trading in a range-bound zone, and a break above the $0.9384 level could set off another buying spree and push prices higher in the coming days.

The price of IMX is trading above the 50-day moving average, and a break above the $0.9384 level could set the trend in motion for higher prices.

On the downside, IMX may find support at $0.9000; if this level is breached, prices could slip to the 200-day moving average, currently holding at $0.8800.The EMA is showing signs of consolidation, indicating that a breakout is imminent. 

The daily Relative  Strength Index is above the 70 levels, indicating that the coin is overbought and could be due for a pullback. Investors should note that a break below the $0.9000 level may set off further selling pressure and push prices lower in the coming sessions.

The MACD line has formed a bullish crossover and is trading above the zero line, suggesting that there could be more upside potential for IMX.

IMX/USD daily chart: TradingView

In conclusion, Immutable prices have surged following AradenaWarrior’s announcement of an exclusive collection of 65K Genesis Card Packs being minted on the Immutable platform.

The technical analysis reveals that IMX/USD is trading in a range-bound zone, and investors should look for potential buying opportunities as the coin trades above the $0.9384 level. A break above this price point could propel prices toward the $1.0000 mark and beyond in the coming days.

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