IMX surged 9%, reaching a 17-day high amid market gains.
IMX trading volume spiked 252%, signalling increased trader activity.
The global cryptocurrency market cap increased by 1.48% over the past 24 hours, with trading volumes up 27% after several days of bearish sentiment. Bitcoin has risen 2%, hitting a 21-day high of $61,316. As is typically seen, altcoins followed suit, with notable gains across the board.
Among the altcoins, Immutable X (IMX) captured significant attention, surging more than 9% in the last 24 hours and reaching a 17-day high of $1.487. IMX’s trading volume spiked 252%, signaling increased activity among traders. Over the past month, the coin is up 23%, currently ranked 37th on CoinMarketCap.
Moreover, community sentiment around IMX is largely positive, with 85% of participants feeling bullish. However, price action analysis suggests that buyers have faced challenges. Although bulls attempted a recovery after stabilizing at lower levels, the price w
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