Immutable (IMX) Falls 0.01%, Underperforms the Crypto Market Thursday

Thursday, March 28, 2024 08:06 AM | InvestorsObserver Analysts

Immutable (IMX) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Thursday, the crypto has dropped 1.32% to $2.95.

InvestorsObserver is giving Immutable a 39 Volatility Rank. Find out what this means to you and get the rest of the rankings on Immutable!

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Moderately Volatile

InvestorsObserver gives Immutable a moderate volatility rank of 39, placing it in the bottom 39% of cryptos on the market.

The Volatility Gauge takes into account this makes its score defined by recent trends, rather than a bad day. IMX's moderate volatility reading pairs with a low reading on the Risk/Reward Gauge, meaning that the token has moderate price swings and is well protected from price manipulation.

Immutable price is in a good position going forward. With support at $2.84 and resistance near $3.02. This positions Immutable with room to run before facing selling pressures.