Immutable (IMX) Turns Bullish as Volume Skyrockets 300%
By: bitcoin ethereum news|2025/05/03 00:00:08
0
Share
Key Notes IMX is currently trading at $0.639 after a sharp 12% daily rally. The token has broken out of a downward channel that lasted since February. Long/short ratio at 1.004 indicates a shift toward bullish market positioning. Immutable’s native token IMX IMX $0.59 24h volatility: 5.2% Market cap: $1.08 B Vol. 24h: $49.98 M emerged as one of the best performers for today, surging nearly 12% in the past day. Currently trading at $0.639, IMX has managed to break out of a stubborn downward channel that had capped its price action since February 2025. $IMX UPDATE #IMX already breakout done. Getting a good volume here. Expecting 100%+ gain in this move #IMXUSDT #IMXBTC #BTC #Bitcoin #Crypto pic.twitter.com/r5IxL6aTmv — Alice Crypto (@Allice_Crypto) May 2, 2025 As per the on-chain data by Santiment, the long/short ratio for IMX has climbed to 1.004, tipping in favor of longs. This signals that the majority of market participants are positioning for further upside. Meanwhile, positive divergence between price and daily active addresses (DAA), currently at 63.22%, also suggests that user engagement is rising with price. IMX’s trading volume has skyrocketed by 300% in the last 24 hours, according to CoinMarketCap. Its market cap also saw a major jump, climbing 11% to touch $1.16 billion. The renewed interest in IMX coincides with a broader recovery trend in the crypto market, where investor appetite appears to be slowly returning, especially for projects with real-world use cases, such as Immutable’s gaming-focused ecosystem. IMX Price Outlook The IMX daily chart shows an inverse head and shoulders pattern, with the head near $0.45 and shoulders around $0.50–$0.52. The neckline breakout at $0.60 confirms bullish reversal. If momentum holds, the pattern projects a target of $0.75–$0.80, based on prior resistance from February’s breakdown. Meanwhile, the RSI currently sits around 64 with an upward gradient. This suggests increasing bullish momentum without being in overbought territory. However, if IMX pushes RSI above 70, it may trigger a short-term correction. IMX price chart | Source: TradingView Bollinger Bands show price pressing against the upper band, a sign of buying pressure. If volume continues rising, the band squeeze could lead to a stronger breakout. However, in case IMX fails to hold the upper band, traders could see retracement to the mid-band (20-day SMA) near $0.52. IMX price chart | Source: Trading View Meanwhile, MACD shows a bullish crossover, with histogram printing green bars. As long as this crossover holds, bulls maintain control. A daily close above $0.68 could lead the token toward $0.75–$0.80. next Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content. Cryptocurrency News, News A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books. Parth Dubey on LinkedIn Source: https://www.coinspeaker.com/immutable-imx-turns-bullish-as-volume-skyrockets-300/
You may also like

WEEX Live mode: Monitor 20 trading pairs at once and trade like a pro
WEEX Live mode: Multi-screen desktop layout for 20 pairs, TradingView charts, one-click layout, and smart guides. Trade like a pro now.

Morning Report | Secret Network loses $4.67 million due to cross-chain vulnerability; Michael Saylor releases Bitcoin Tracker information again, may disclose increased holdings data next week
Overview of Important Market Events on June 21

Kalshi's biggest competitor is not Polymarket
The competitive logic of the prediction market has changed.

WEEX Makes Affiliate Access Easier on the Web and in the App
WEEX now provides a smoother way to access affiliate-related pages on the web and in the app. Users can find the Affiliate entry more easily and go to the right page based on their login and affiliate status.

Customize Your Spot Trading Page: Drag Modules and Move the Order Panel Where You Want It
Set up your WEEX Spot trading page around the way you trade. Drag supported modules, show or hide key panels, move the order panel to the left or right, and use “Reset layout” at any time to return to the default setup.

Perp DEX: The Next Generation Exchange "War"
This "war" has just begun.

10 Counterintuitive Insights on Latin American Payments
10 conclusions about payments that contradict mainstream beliefs: crypto cards rely on high-net-worth individuals rather than retail, QR codes are replacing cards, stablecoin profits are competing to go to zero, and Latin American regulation is actually 5 years ahead of the United States.

The AI gamble of mining companies: Valuations enter a phase of differentiation, and it's hard to turn the tide
This gamble of transforming into AI is testing the financial strength and execution capability of mining companies.

A letter from Alliance to entrepreneurs: Written on the occasion of Cursor selling for 60 billion dollars
Great companies are forged before they become obvious.

Stablecoins Finally Find Real Returns: On-Chain Reinsurance Re Explained | Interview with Re Founder Karan Saroya
This on-chain reinsurance platform absorbs stablecoins from DeFi, uses them as collateral to underwrite for American insurance companies, collects premiums, and returns the profits to on-chain depositors.

The impossible triangle is simply a pseudo problem
A long time ago, the cryptocurrency industry found its true purpose. But ironically, the path it built for this purpose excluded almost everyone who would actually use it.

Will MicroStrategy fall into a death spiral? What will the macro trend be in the second half of the year?
The cryptocurrency industry may gradually shift from the hype of native altcoins to real asset tokenization, on-chain machine economy, and a more mature industrialization phase.

Blockchain Capital Partner: The Core Secret of Arbitrage
On cold starts, breaking the circle, and the toughest hurdle for founders to overcome.

STRC unanchored by 11%, can the perpetual motion machine of Strategy still operate?
Beyond the leverage crunch, what is even more concerning is the liquidity reserves of the Strategy.

Bitcoin Market Analysis 2026: Can BTC Reach $150K by Year-End?
Bitcoin price prediction 2026: Can BTC hit $150,000 by year-end? Explore Fed policy, Kevin Warsh's stance, Bitcoin ETF flows, exchange data, and BTC market forecasts.

Bitcoin ETF Outflows Hit a Record $4.4 Billion: What Are Traders Doing With Their Cash?
Bitcoin ETFs lost $4.4 billion over 13 trading days, raising questions about market sentiment and Bitcoin's bottom. Here's what Standard Chartered is watching and how traders are managing idle stablecoin balances during uncertain markets.

WEEX App Just Got Smarter – New Tabs for Faster Trades & Easy Asset Management
Discover WEEX App’s new trading tabs: Futures, TradFi, Copy Trade (users)/ Elite Trade (lead traders) on the same page. Solve messy navigation, find opportunities faster, and manage all trades in one place.

WEEX All-New Search Features: Find, Trade & Earn Faster Than Ever
Supercharged search is here! Discover WEEX’s upgraded Search features with hot events, new listings, live market sentiment, and one-click trading. Trade smarter, seize every opportunity.
WEEX Live mode: Monitor 20 trading pairs at once and trade like a pro
WEEX Live mode: Multi-screen desktop layout for 20 pairs, TradingView charts, one-click layout, and smart guides. Trade like a pro now.
Morning Report | Secret Network loses $4.67 million due to cross-chain vulnerability; Michael Saylor releases Bitcoin Tracker information again, may disclose increased holdings data next week
Overview of Important Market Events on June 21
Kalshi's biggest competitor is not Polymarket
The competitive logic of the prediction market has changed.
WEEX Makes Affiliate Access Easier on the Web and in the App
WEEX now provides a smoother way to access affiliate-related pages on the web and in the app. Users can find the Affiliate entry more easily and go to the right page based on their login and affiliate status.
Customize Your Spot Trading Page: Drag Modules and Move the Order Panel Where You Want It
Set up your WEEX Spot trading page around the way you trade. Drag supported modules, show or hide key panels, move the order panel to the left or right, and use “Reset layout” at any time to return to the default setup.
Perp DEX: The Next Generation Exchange "War"
This "war" has just begun.
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com




