Immutable price (IMX) declined 5.96% in the past 24 hours and is currently trading at $0.569.
The daily chart shows that Immutable price is trying to sustain near the 50-day EMA.
IMX price has slipped nearly 16% in the last two weeks after losing the gains.
Immutable price analysis illustrates that the IMX price is showing volatility in the short run. The price has dropped nearly 16% in the last two weeks and has wiped out most of the gains that occurred in the last few weeks.
The IMX price is down nearly 6% intraday and might lose more if it slips below the 50-day EMA. The daily chart witnesses that the price surged from a low of $0.48 to a high of $0.71 in mid-September. However, the short-term gain triggered a selloff and the IMX crypto price declined.
The technical indicators suggest that the Immutable price showed a breakout of the 50-day EMA. However, the bears dominated near the 200-day EMA, and the price could not surpass it; leading to a selloff.
The volume analysi
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