Immutable X (IMX) gains over 50% in recent weeks

As most coins in the crypto market continue to fall, Immutable X (IMX) It’s been making incredible profits in the last week or so. Recent chain news has caused much of this surge, can IMX sustain this? Here are some highlights:

• Immutable X (IMX) announced that it has raised $200 million to fund the expansion of its ecosystem.

• Despite the rise, Immutable X (IMX) remains significantly lower than ATH.

• At the time of writing, the coin was trading at around $1.80.

Data Source: Tradingview

Immutable X (IMX) price prediction

The recent 50% surge in Immutable X (IMX) has come as a welcome surprise to investors. The market has been very volatile over the last few days, making it harder to find good news overall every day. But despite that, we expect IMX to fall back slightly.

In fact, at the time of this writing, the coin has lost about 5% in the last 24 hours, trading at $1.85. The most important thing to watch right now is the $1.95 mark. In fact, if IMX can find enough bullish uptrend to test or even exceed that threshold, we could see more gains in the near future.

However, significant risks of a sale still remain. When a coin rises like this, it will plateau at some point. For IMX, points seem to be $1.8. Anything below that may lead to further losses.

Is Immutable X (IMX) worth it?

There is no doubt that Immutable X (IMX) has fallen precipitously since hitting an all-time high a few months ago. The coin has also been on a bearish trend for most of this year.

This could be a problem in the short term, but in the long run Immutable X (IMX) is still a good buy with great potential.