$IMX

/USDT Technical Analysis & Trade Signals

Current Price: $2.08 (+7.42%)

Trend: Bullish, with strong upward momentum observed over the last 24 hours.

Key Levels:

Support: $1.912 (24h Low)

Resistance: $2.131 (24h High)

Current Price Action: Consolidating above $2, showing signs of continued upward pressure.

Trade Signals:

1. Buy Signal: If the price holds above $2.08 and breaks resistance at $2.131, consider entering a long position.

2. Sell Signal: A drop below $2.08 with a confirmed breakdown below $1.912 could trigger a bearish trend.

3. Hold/Watch: Between $2.08 and $2.131, watch for price consolidation or a breakout, as the trend is bullish.

Target Levels 🎯:

1. First Target: $2.15 (next resistance zone)

2. Second Target: $2.25 (higher resistance area)

3. Third Target: $2.40 (potential next key psychological resistance)

Momentum:

Strong Momentum to the upside with increasing volume.

Relative Strength Index (RSI): Currently in neutral/bullish territory.

Moving Averages: Short-term moving averages are trending upward, confirming a bullish short-term outlook.

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