IMX facing tough resistance! ⚔️🐻

$IMX has been in a consistent downtrend, and today is no different. The price closed at $1.232 after a drop of 1.75%, and we're seeing strong resistance around the $1.30-$1.40 zone. 📉 The moving averages, especially the 99-day at $1.41, continue to act as a barrier, pushing the price lower every time it tries to recover. The volume is not particularly impressive either, showing that bulls aren't quite ready to charge.

Without a solid breakout above the $1.40 mark, it's hard to see IMX gaining much momentum. If support at $1.20 fails, we could be heading back to the $1.00 psychological level soon. So, traders—stay cautious and consider setting stop losses to avoid getting trapped! 🚨

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#IMX #CryptoCharts #BearishTrend #ResistanceLevel #CryptoCommunity