IMX price could be ready for a short-term relief rally as price breaks out from the downtrend, creating more bullish sentiment for a recovery. IMX looks strong on both low and high timeframes. The price of IMX breaks out on the daily timeframe after forming a descending triangle. ImmutableX (IMX) has struggled to remain bullish against tether (USDT) after seeing its price rejected from a region of $1.3. Previous weeks for the crypto space have been slow as most altcoins, and major cryptocurrencies like Bitcoin (BTC) continued to move in a range. With so much belief in Uptober, as many would call it, has brought some relief bounces across the crypto space with ImmutableX (IMX) not left out of the train. (Data from Binance) Related Reading: Short Relief Bounce For Altcoins? If Crypto Marketcap Can Do This ImmutableX (IMX) Price Analysis On The Weekly Chart The new month has been a relief for most crypto projects, with altcoins such as BTC, ETH, and even XRP, continuing to show strength after weeks of downtrend movement. The price of IMX has struggled to remain bullish, falling from a high of $1.3 to a weekly low of $0.7, with the price looking more stable as the price looks ready to bounce off from this region. After hitting a bottom low of $0.7, the price of IMX bounced swiftly from that region as the price rallied to a high of $1.1. Still, the price was rejected from that region as IMX was unable to breach this area aching as ...
