IMX -129.51% in 7 Days Amid Sharp Volatility

On OCT 8 2025, IMX dropped by 27.97% within 24 hours to reach $0.711, IMX dropped by 928.75% within 7 days, rose by 318.38% within 1 month, and rose by 454.55% within 1 year.

Recent developments have intensified scrutiny on IMX as it experiences one of the most dramatic short-term declines in its price trajectory. The sharp 928.75% drop over seven days highlights a pronounced correction phase, raising questions about the underlying catalysts. While the 318.38% rise within a month and 454.55% increase over one year suggest a long-term bull trend, the recent volatility has disrupted that narrative.

The price action has been analyzed through the lens of various on-chain and market structure indicators. A divergence between the asset’s price and on-chain metrics has been noted, signaling potential exhaustion of buying pressure. Key support levels have been tested multiple times over the last week, with each retest failing to elicit a strong reversal response. Analysts project that IMX may remain in a consolidation phase until a clear breakout or breakdown occurs.

Backtest Hypothesis

To assess the efficacy of potential trading strategies amid the observed price behavior, a specific backtest framework has been proposed. The hypothesis involves the use of a mean reversion model, triggered by a 20-period RSI divergence and a 50-period moving average crossover. Entry signals are generated when the RSI indicates overbought or oversold conditions, while exits are based on a fixed stop-loss and take-profit ratio. The model aims to capture short-term countertrend moves amid the heightened volatility and test the reliability of technical indicators in this environment.