ImmutableX Price On The Verge Of A Major Breakout?

After recording a drop of over 5% during the past, the IMX price has successfully regained momentum and added 3.48% in the past day. Further, with a jump of 19.83% over the past week, it has secured the 33rd position in the global crypto list with a market cap of $2.344 billion.

The Simple Moving Average (SMA) constantly acts as a support to the IMX price chart in the 1D time frame. However, the MACD shows a constant green histogram with a constant flatline. This suggests an increase in the buying pressure within the crypto market.

If the bulls break out of the resistance trendline, the ImmutableX price will prepare to test its upper resistance level of $1.925. Conversely, if the bears regain power, this altcoin will plunge toward its crucial support level of $1 in the coming time.$IMX