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Immutable X (IMX) Receives a Bearish Rating Friday: Is it Time to Jump Ship?

Friday, July 01, 2022 10:53 AM | InvestorsObserver Analysts
Immutable X (IMX) Receives a Bearish Rating Friday: Is it Time to Jump Ship?

Immutable X (IMX) gets a bearish rating from InvestorsObserver Friday. The crypto is down 4.04% to $0.9195730228 while the broader crypto market is up 1.91%.

Sentiment Score - ,
Immutable X has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on Immutable X!

Bearish

Over the last five days, Immutable X has earned a Bearish rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of Immutable X over the past five days by volume and price movement.

The Sentiment Score provides a quick, short-term look at the crypto’s recent performance. This can be useful for both short-term investors looking to ride a rally and longer-term investors trying to buy the dip.

Price Levels

Immutable X is currently trading near its midpoint for the past five-days. The crypto is 11.32% off its five-day high and is 14.08% higher than its five-day low of $0.806053161621094.

Immutable X price is favorably positioned between support and resistance. With support set around $0.881078653901728 and resistance at $1.03, has some room to run before facing resistance.

Immutable X has traded on low volume recently. This means that today's volume is below its average volume over the past seven days.

What is a token?

Tokens are digital assets that exist on another cryptocurrency's blockchain.

Due to a lack of data, this crypto may be less suitable for some investors.

Click here to unlock the rest of the report on Immutable X

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