IMX +13.42% in 24 Hours Amid Strong On-Chain Activity and Exchange Listings

On OCT 6 2025, IMX surged by 13.42% within 24 hours to reach $0.746, marking a 672.39% rise over the past week, a 795.95% increase over the last month, and a staggering 938.42% gain in the past year. This recent rally is attributed to a combination of strategic exchange listings and increased on-chain usage, reflecting renewed investor confidence in the token’s fundamentals.

IMX’s recent inclusion on several major cryptocurrency exchanges has contributed significantly to the price action. Listings on additional platforms have broadened access to retail and institutional investors, enhancing liquidity and reducing slippage. The token is now tradeable across a wider range of global markets, further embedding it into the broader crypto ecosystem and increasing its visibility.

On-chain data also suggests growing utility for IMX. The number of unique wallet addresses interacting with IMX-based protocols has increased by 210% over the past 30 days, signaling heightened adoption. Smart contract activity has also risen, particularly in decentralized finance (DeFi) platforms and NFT marketplaces where IMX is being used for transaction fees and governance functions. This organic growth in usage is a key indicator of long-term value accrual.

The token’s price trajectory has been supported by a bullish trend in technical indicators. The 50-day and 200-day moving averages are aligned in a positive crossover, suggesting a continuation of the uptrend. Intraday volatility has remained within expected ranges, and the Relative Strength Index (RSI) remains in overbought territory, a sign that momentum is strong but may eventually require a consolidation phase.

Backtest Hypothesis

To evaluate the potential for continued performance, a backtesting strategy was proposed that uses IMX’s price momentum and on-chain volume as leading signals. The strategy is based on a moving average crossover system, where a short-term (5-day) moving average crossing above the long-term (20-day) moving average triggers a long position. Exit signals are generated when the opposite occurs, with stop-loss and take-profit levels dynamically set using average true range (ATR) calculations.

The approach is designed to capture the momentum swings observed in the current market environment, while limiting downside exposure through disciplined risk management. The inclusion of on-chain volume as a filter ensures that only those crossovers confirmed by increased activity are acted upon, reducing the risk of false signals during periods of low liquidity.

This strategy aligns with IMX’s recent price behavior and could serve as a robust framework for investors looking to align with its ongoing rally. Further testing over extended time periods would be necessary to validate its performance under varying market conditions.