Immutable (IMX): How Does the Chart Look Tuesday?

Tuesday, March 26, 2024 07:54 AM | InvestorsObserver Analysts

Immutable receives an average long-term technical score of 51 from InvestorsObserver's research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the token's support and resistance levels, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. IMX currently holds a superior long-term technical analysis score than 51% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. tokens with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to 'buy the dip'.

InvestorsObserver is giving Immutable a 51 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Immutable!

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Trading Analysis

IMX is currently $0.6000000 (23.09%) above its 100-day moving average price of $2.580000000 with its current price of $3.180000000. Meanwhile, Immutable is $2.6900000 (-1620.28%) above its 52-week low price of $0.480000000 and -$0.57000000 (-182.11%) below its 52-week high of $3.750000000. The current price relative to its moving average and 52-week high and low leads to an average long-term technical score of 51. Trends for the long-term trading history of Immutable suggest that traders are currently neutral on the token. Immutable has a market capitalization of $4,519,659,392.91 and a relatively high average daily volume with $513,008,892.10 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, IMX's volume is below its seven day average with 78,820,599.96 exchanged.

Summary

Trading patterns over the last year for Immutable leads to the token's an average long-term technical score of 51 as its consistency, volatility, and relation to long-term averages has given investors reason to be neutral on the token. Click Here to get the full Report on Immutable (IMX).