Immutable X (IMX) surges 37% this week, faces $84M supply challenge
1min read Immutable X (IMX) has seen a notable 37% increase this week, currently trading at $0.72. The cryptocurrency is approaching a critical resistance level between $0.81 and $0.84, where over 117 million IMX tokens, valued at more than $84 million, are awaiting profitability. This significant supply zone has posed a challenge for IMX over the past three months, as many token holders may liquidate their positions as prices approach this resistance.
The Chaikin Money Flow (CMF) has turned positive for the first time in 2025, indicating an uptick in investor confidence and inflows into IMX. This positive momentum positions IMX favorably, with the potential for a continued rally if market sentiment remains positive. However, the considerable supply range between $0.81 and $0.84 poses a risk for ongoing price consolidation under the $0.81 threshold.
If IMX fails to break through the $0.81 resistance, it may slip below the $0.72 support level, potentially descending to $0.60. Such a move would challenge the bullish narrative and suggest a shift in market sentiment. Conversely, if investor sentiment remains optimistic and market trends continue to bolster the rally, IMX could successfully navigate past the $0.81 resistance. A decisive breakout above $0.88 would render the 117 million IMX tokens profitable, reinforcing the altcoin’s growth trajectory.
In summary, IMX’s current performance is a balancing act between significant resistance and positive market indicators. The critical levels around $0.81 to $0.84 must be closely monitored. Investor action, coupled with market dynamics, will ultimately influence IMX’s trajectory in the near term, making it essential for stakeholders to remain informed and proactive.
