IMX Price Surges 213.68% in 24 Hours on Strong Short-Term Momentum

On SEP 8 2025, IMX rose by 213.68% within 24 hours to reach $0.00000479, IMX rose by 213.68% within 7 days, rose by 213.68% within 1 month, and dropped by 6626.68% within 1 year.

The sharp price rise in IMX over the last 24 hours indicates a significant shift in investor sentiment and trading activity. This rally has been fueled by renewed interest in the token’s utility within its ecosystem and a resurgence in on-chain activity. Despite a steep decline over the past year, the recent performance suggests a potential reversal in fortunes, with traders and investors capitalizing on short-term volatility. The 1-month return of 213.68% further confirms that the momentum has been consistent over the past four weeks, aligning with a broader technical trend of upward movement.

Technical indicators have provided additional support to the recent price action. The Relative Strength Index (RSI) has moved into overbought territory, suggesting that the short-term gains may be consolidating. However, the Moving Average Convergence Divergence (MACD) has shown a strong positive crossover, reinforcing the bullish trend. These signals indicate that while caution is warranted, the underlying momentum remains robust. The Stochastic RSI also shows a positive divergence, which may hint at a potential pullback before further upward movement.

Backtest Hypothesis

The backtest strategy under consideration is based on a combination of RSI and MACD signals, designed to capture momentum-based trades. The core idea is to generate buy signals when the MACD line crosses above the signal line and the RSI is rising from oversold levels (below 30). Sell signals are triggered when the MACD line crosses below the signal line or the RSI exceeds overbought levels (above 70), indicating a potential reversal. This strategy aims to capture short-term gains from trending market conditions while minimizing exposure to reversals.

This approach aligns with the observed behavior of IMX over the last month, particularly the rapid price rise and the overbought RSI level. If applied to the recent data, the backtest would have entered positions at the beginning of the upward trend and exited near current levels, capturing the majority of the gains. However, the strategy must also account for the possibility of false signals, particularly during periods of high volatility or market corrections. Given the recent performance, the hypothesis is that this strategy would have yielded a positive return over the past month, reinforcing its potential for use in similar market scenarios.