Internet Computer ICP Drops 2.09% Amid Resistance Struggles Stacks STX Gains 1.98% With Bullish Breakout Immutable X IMX Falls 1.62% Amid Bearish Trend

Internet Computer (ICP) is currently trading at $4.86, reflecting a 2.09% decline over the past 24 hours. The token has faced rejection near the $5.05 mark, indicating ongoing struggles to surpass overhead resistance levels. The daily chart shows a continuation of the short-term downtrend, with a series of lower highs forming since mid-June. Trading volume sits at 24.91K, suggesting moderate market participation. Previous attempts to reclaim higher levels, particularly within the $5.50 to $6.00 range, have failed to gain sustained momentum. While the price recently rebounded from below $4.50, bullish continuation appears uncertain without a convincing move above the $5.00–$5.20 resistance zone on increasing volume. Until such confirmation emerges, ICP may remain under pressure in the near term.

Stacks (STX), a blockchain project focused on enabling smart contracts and NFTs on Bitcoin, is trading at $0.6759, posting a daily gain of 1.98%. The token has broken through a key consolidation zone around $0.65, supported by a notable surge in trading volume, which has climbed to 731.25K. This volume level is among the highest observed over recent weeks and points to renewed market interest. The daily candlestick formation shows a decisive bullish candle that pushed through recent resistance. If this momentum is sustained, STX may target higher resistance levels of $0.73 to $0.75. However, short-term support now rests at $0.66, and a failure to hold above this level could invalidate the breakout attempt. Traders are closely monitoring whether the current rally can evolve into a broader upward trend or fade back into range-bound movement.

Immutable X (IMX), an Ethereum Layer-2 scaling option specifically designed to support NFTs, is trading at $0.4165, reflecting a 1.62% decrease over the past 24 hours. The price action on the token shows a continuation of weakness after a short counter-trend run after touching lows at around $0.36. Since June, it has had a distinct bearish framework by producing low recesses and low advances on the daily chart. Volume is also mild at 77.03K, with little traders’ interest. Although the recent sessions have tried to recover the pivotal area at $0.40, the token has not managed to overcome the following key area at $0.44 to $0.45. Until the volume and the present push by the bulls increase a fair deal, there are chances of a further fall. The market is eager to see whether IMX will be able to reverse the course and enter a more positive trading spectrum.

The divergent performance of ICP, STX, and IMX highlights the mixed sentiment in the NFT infrastructure industry. These tokens are increasingly influencing user interaction and the on-chain usefulness of NFTs, and their prices reflect trends in the distribution of capital in blockchain ecosystems. The bullish breakout of STX indicates a possible recovery that can be sustained with increasing trading volume. However, for Internet Computer and Immutable X, the most crucial resistance should be broken to start generating a positive trend. With NFTs becoming a mature industry, the trends in prices of the best infrastructure tokens will serve as important references to the industry’s development.