Immutable X (IMX) has experienced a significant downturn, with its price falling by 4.85% against the US Dollar in the last 24 hours. This decline is part of a broader negative trend, as IMX has also dropped by 2.90% against Bitcoin and 3.85% against Ethereum. Over the past month, IMX has lost 2.11% of its value, reflecting a bearish medium-term outlook. Despite a 182.42% increase over the past year, the current market sentiment remains neutral, with the Fear & Greed index indicating greed at 72. Investors should exercise caution, as the market's volatility and unpredictable nature pose significant risks.