ImmutableX IMXUSDT Price Analysis (1h - 1d)

📊✨ IMXUSDT on the 1h timeframe presents an interesting opportunity! Here's what we observed:

Support Zone: There is potential for a slight dip towards the $0.70 support zone, which could set the stage for a potential rebound.



Big Picture Analysis: Looking at the 1-day timeframe, we see a larger structure supporting an upward move.

RSI Divergence: IMXUSDT shows a strong correlation with RSI Divergence, making it a reliable indicator for predicting price movements.

Breakout from Resistance: The price has broken out from the red resistance line, signaling a potential rise and presenting a bullish opportunity.

Bullish Divergence: Prior to the breakout, a bullish divergence pattern was observed, further supporting the anticipated upward movement.

🎯 Price Targets: Our analysis identifies two significant targets at 0.916 and 1.164, representing strong historical resistance and support levels.


Considering the correlation, breakout, and bullish divergence, we anticipate a potential rise in IMXUSDT.