Market Overview for Immutable/Bitcoin (IMXBTC) on 2025-12-10

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Wednesday, Dec 10, 2025 7:46 pm ET1min read
IMX
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BTC
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Aime RobotAime Summary

- IMXBTC fell 3.19% in 24 hours, breaking below key support at 3.23e-06 amid bearish technical signals.

- Midday volume spikes and RSI/MACD divergence confirm weakening momentum with no reversal signs.

- Price near Bollinger Band lows and 38.2% Fibonacci retracement suggests potential test of 3.10e-06 support.

Summary
• IMXBTC declines 3.19% in 24 hours, closing below key support at 3.23e-06.
• Volume spikes during midday ET pullback, signaling short-term bearish conviction.
• RSI and MACD indicate weakening momentum with no signs of reversal.

Immutable/Bitcoin (IMXBTC) opened at 3.34e-06 on 2025-12-09 12:00 ET and closed at 3.12e-06 on 2025-12-10 12:00 ET, with a high of 3.36e-06 and a low of 3.12e-06. Total 24-hour volume reached 10,708.68, with a turnover of approximately 33.29 (IMX).

Structure & Formations


Price has broken below 3.23e-06, a prior support level that now acts as resistance. A bearish engulfing pattern formed during the 203000–220000 ET session, confirming a shift in sentiment. A doji at the daily close suggests indecision, but without a reversal confirmation.

Moving Averages


The 5-minute chart shows price below the 20SMA and 50SMA, reinforcing a short-term bearish trend. Daily averages (50D, 100D, 200D) remain unbroken, though IMXBTC has tested key psychological levels below 3.2e-06 for the first time in recent sessions.

MACD & RSI


The MACD turned negative, confirming the downtrend, while the RSI is at 30, indicating oversold conditions. However, no bullish divergence has formed, and momentum remains bearish.

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Bollinger Bands


Price remains near the lower Bollinger Band, with a slight expansion in volatility during the midday pullback. A sustained close above the 20-period midline would suggest a potential rebound, but that remains unlikely without strong volume confirmation.

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Volume & Turnover


Volume spiked during the 050000–060000 ET session and again in late afternoon, aligning with price lows. Turnover has remained proportional to volume, without signs of divergence.

Fibonacci Retracements


On the 5-minute chart, price reached the 61.8% Fib level on the recent bullish swing before reversing lower. On the daily chart, 3.12e-06 marks the 38.2% retracement of the prior rally, suggesting a potential short-term floor.

The price action appears to favor continued downward momentum in the near term, with a likely test of 3.10e-06. However, a sharp reversal could occur if volume surges with a bullish breakout above 3.23e-06, though the likelihood remains low. Investors should monitor volume divergence and 20SMA reactions for early reversal cues.