Immutable X (IMX) has experienced a notable decline, losing -3.12% against the US Dollar in the past 24 hours, underperforming the broader cryptocurrency market which saw a -3.86% decrease. IMX also fell -2.27% against Bitcoin. Despite a 23.44% gain over the last month and a 167.49% increase year-over-year, the current sentiment remains bearish with a Fear & Greed index reading of 37 (Fear).

Technical indicators present a mixed outlook. While some moving averages suggest buying opportunities, others signal selling. The Relative Strength Index (RSI 14) stands at a neutral 51.51. Given the high volatility and unpredictable nature of the crypto market, caution is advised.