Market Overview for Immutable/Bitcoin (IMXBTC): December 24, 2025

Summary
• Price action remained range-bound with no breakout above 2.63e-06 or below 2.57e-06.
• Volume spiked briefly in mid-session, suggesting short-term interest but failed to confirm directional bias.
• RSI and MACD showed muted momentum with no overbought/oversold signals.
• Bollinger Bands tightened in the early morning, hinting at potential volatility expansion.
• Fibonacci retracement levels at 38.2% (2.61e-06) and 61.8% (2.59e-06) saw retests and failed follow-through.

Immutable/Bitcoin (IMXBTC) opened at 2.59e-06 on December 23 at 12:00 ET and closed at 2.59e-06 on December 24 at 12:00 ET. The 24-hour high was 2.67e-06, and the low was 2.57e-06. Total volume amounted to 27,649.63, with a notional turnover of 71.69.

Structure & Formations

The pair remained range-bound throughout the session, oscillating within a tight consolidation pattern. A potential bullish engulfing pattern appeared around 00:45 ET, but failed to hold. A doji formed at 00:15 ET and 07:45 ET, signaling indecision. Key support was found near 2.57e-06 and 2.58e-06, while resistance held at 2.61e-06 and 2.63e-06.

Moving Averages

On the 5-minute chart, price hovered just above the 20-period and 50-period SMAs, indicating neutral bias. The daily chart showed no clear deviation from the 50/100/200 SMA cluster, suggesting continuation of the sideways trend.

Momentum & Volatility

The RSI moved between 40–50, indicating neutral momentum with no overbought or oversold readings. The MACD remained near the zero line with no strong histogram divergence. Bollinger Bands experienced a contraction early in the morning, followed by a mild expansion suggesting increased volatility could follow.

Volume and Turnover

Volume spiked in the early morning and again around 04:45 ET and 15:30 ET, yet failed to push price beyond key resistance levels. Turnover mirrored volume but remained relatively low, suggesting retail or small-cap liquidity dominated the session.

Fibonacci Retracements

The most recent 5-minute swing showed a retest of the 61.8% retracement level at 2.59e-06 and the 38.2% level at 2.61e-06. Neither level triggered a sustained breakout, suggesting traders remained cautious. Daily Fibonacci levels are less relevant due to the lack of a strong directional move.

Looking ahead, the next 24 hours may see a test of 2.61e-06 as a potential breakout candidate, or a retest of 2.57e-06 for support. However, risks of prolonged consolidation remain high given the absence of strong macro or volume drivers. Traders should be prepared for choppy conditions and avoid overcommitting to directional bias.