#IMX/USDT ANALYSISđ
IMX is currently consolidating within a descending channel, with price action attempting to break through the resistance trendline. The 100-day moving average is positioned just above the channel, acting as an additional resistance level.
A decisive breakout from the channel, coupled with a move above the 100MA, would serve as strong bullish confirmation. Traders should monitor this closely, as a successful breakout could signal a shift in momentum.
