IMX (IMX) becomes vertical with a 45%peak: what is feeding the rally?

TL; Dr.

• IMX exploded by two digits after the rumors of a multimillion -dollar collaboration that implies immutable.
• While some analysts predict a 100%potential pump, IMX ascending RSI suggests that the Token may be entering overburry territory, increasing the risk of a short -term setback.

The best artist

IMX, the utility and governance sheet within the immutable ecosystem, experienced a substantial concentration in the last 24 hours. Its price shot at almost 50%, reaching up to $ 0.68 (according to Coingcko data), the maximum level witnessed so far in April.

In the last hours, the valuation has become slightly over $ 0.64. IMX market capitalization rose well above the psychological brand of $ 1 billion, thus ciming the place of the asset between the 100 main cryptocurrencies.

A probable reason that triggers the rise is the green wave throughout the digital asset industry. As Cryptopotate reported Early (April 23), the market capitalization of the sector jumped beyond $ 3 billion, while Bitcoin (BTC) briefly exceeded $ 94,000.

Another factor could be a possible important collaboration that implies immutable. On April 22, the co -founder of the Robbie Ferguson project saying The result of a multimillionaire association “that has been in process” for more than two years is about to Be revealed today.

Despite not revealing more details, its publication created a great emotion On the other side of space. At the time of writing this article, there is no information about the real association.

Price predictions

According to some analysts, IMX could meet even more in the near future. The X World of Charts of X Users recently reclaimed that the price has consolidated within a descending expansion wedge. He suggested that a successful outbreak would result in a 100%bomb.

Crypto Tony also gave his two cents. The popular market observer said Its more than half a million followers than a change above $ 0.69 could be sufficient for “gates” to open again. “

Contrary to bullish forecasts, the relative force index (RSI) warns about a possible setback. The impulse oscillator measures the speed and magnitude of recent price changes in a particular cryptocurrency and varies from 0 to 100.

Proportions greater than 70 They are considered typically Bearsh since they indicate that the asset has entered into the territory of overband and could be a correction. IMX RSI has recently Left to 85, its highest point since the end of March.