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The post Immutable’s IMX Eyes 60% Rally with 360% Jump in Whale Activity appeared first on Coinpedia Fintech News

Amid the bearish market sentiment, Immutable’s native token, IMX, has reached a crucial support level of $1.05 and is poised for a significant upside rally. According to IMX’s daily chart, this support level has always been favorable for the altcoin, often triggering upward momentum.

Immutable (IMX) Technical Analysis and Upcoming Level 

Since July 2024, IMX has reached this level more than six times, and each time, it has witnessed impressive upside momentum. Considering its historical price movement, experts and analysts expect a similar kind of rally in the future.

Source:

Additionally, IMX is trading below the 200 Exponential Moving Average (EMA) on the daily timeframe, indicating a downtrend.

IMX Price Prediction 

Based on the recent price action, if IMX holds above $1.00, there is a strong possibility it could soar by 60% to reach the $1.70 level in the coming days. IMX has also witnessed a bullish divergence on its daily timeframe, indicating a perfect opportunity for a price reversal.

Large Transaction Volume Surges 360%

With this strong bullish price action, long-term holders and crypto whales have shown significant participation in the token, as revealed by the on-chain analytics firm IntoTheBlock. According to the data, IMX’s large transaction volume has surged by 360% in the past 24 hours.

Source: IntoTheBlock Major Liquidation Areas 

As of now, the major liquidation levels are near $1.02 on the lower side and $1.105 on the upper side, with traders over-leveraged at these levels, as reported by the on-chain analytics firm CoinGlass.

Source: Coinglass

The data further reveals that if market sentiment remains unchanged and IMX’s price falls below the $1.02 level, nearly $365,380 worth of long positions will be liquidated. Conversely, if sentiment shifts and the price rises to $1.105, approximately $425,170 worth of short positions will be liquidated.

When combining these on-chain metrics with technical analysis, it appears that investors are bullish, but intraday traders are capitalizing on the current market sentiment and seem to be strongly betting on the bearish side.

This is indeed a big decision! The Fed keeping rates unchanged was already anticipated by the market, but now it's time to see the real reaction!

Get ready—volatility could be at its peak in the next few hours!

Elon Musk’s vision for X as the ultimate “everything app” is finally taking shape with the upcoming launch of X Money, a payment service that promises to shake up how people send and receive funds. But here’s the twist: despite years of speculation, there’s no mention of Dogecoin (DOGE) in the plans—at least, not yet.

For a guy who’s practically the de facto Dogecoin hype man, Musk’s decision to leave his favorite meme coin out of X’s initial payment rollout is… unexpected, to say the least. Crypto enthusiasts were waiting for DOGE to enter X’s financial ecosystem, but instead, the platform is going the traditional finance route with Visa.

So, what’s really going on? Is Elon Musk playing the long game with DOGE, or is X Money just another PayPal wannabe? Let’s break it down.

X Money: What We Know So Far

X CEO Linda Yaccarino officially announced the X Money initiative on Tuesday, revealing that it will be built through a partnership with Visa. According to her statement on X (formerly Twitter), the service will feature:

✔ Instant funding via Visa Direct
✔ Peer-to-peer payments between users
✔ An X Wallet for storing funds
✔ Instant bank transfers through debit cards

The service promises frictionless transactions, making it easy to send money across the platform—think Venmo, but with a Musk-flavored twist.

 

 

But here’s the kicker: the announcement didn’t once mention crypto, blockchain, or Dogecoin. Not even a hint.

For a guy who’s tweeted about DOGE more times than most people check their email, Musk’s silence is deafening.

The Dogecoin Dilemma: What Happened?

For years, Dogecoin has been tied to Musk’s hip. The “Dogefather” has championed the token in ways no other billionaire would dare.

💬 Remember when Musk floated the idea of DOGE payments for X Premium?
💬 Or when Tesla and SpaceX started accepting DOGE for merch?
💬 Or that time DOGE spiked 30% just because Musk changed Twitter’s logo to the Shiba Inu?

Given all this history, it seemed inevitable that X’s payment system would integrate DOGE. Instead, Musk has chosen to launch X Money without it—a move that’s left DOGE fans scratching their heads.

 

 

Where’s DOGE Now?

As the X Money news broke, Dogecoin took a hit, dropping to $0.33, its lowest point in 2025 so far. That’s a far cry from its three-year high of $0.48 back in December 2024.

Dogecoin Price Trends (2025) Price December 2024 (Peak Price) $0.48 January 28, 2025 $0.33 24-Hour Change -5% Election Day Price (Nov 2024) $0.16

This drop comes as the broader crypto market struggles to find its footing, with Solana and Cardano also taking hits. But let’s be real—DOGE has always been highly reactive to Musk’s moves. Whether it’s a tweet, a joke, or a meme, his influence over Dogecoin’s price is undeniable.

 

 

That’s why his silence on DOGE’s role in X Money is particularly telling. It’s not like he doesn’t know people are waiting for it. So, what’s going on?

Why X Money Might Still Add Crypto Later

If there’s one thing we know about Musk, it’s that he loves surprises. Just because DOGE isn’t part of X Money now doesn’t mean it won’t be later. Here are a few reasons why Dogecoin integration could still happen:

1. X Payments LLC Has Crypto-Friendly Licenses

X Payments LLC has secured money transmitter licenses in 40 states + Washington D.C. That’s a massive step toward offering regulated crypto payments in the future.

2. Visa Direct Has Worked with Crypto Before

Visa Direct isn’t exactly new to crypto. In October, Coinbase integrated Visa Direct for crypto purchases and withdrawals. If X Money follows a similar path, we could eventually see a DOGE-friendly integration.

3. Musk’s Trump Connection & DOGE’s Government Ties

Since Trump’s Election Day victory, Dogecoin has been on an unexpected political ride. Musk’s Department of Government Efficiency (DOGE) has elevated Dogecoin’s presence in the mainstream. Last week, DOGE even spiked when its Kabosu mascot appeared on a government website, only to dip again after it was removed.

 

 

Could Musk be waiting for regulatory clarity before pulling the trigger on DOGE payments? Maybe. After all, integrating crypto on a major platform requires more than just hype—it needs compliance.

X Money vs. PayPal, Venmo, & Cash App: Can It Compete?

If X Money is just another digital wallet, how does it stack up against the big players?

Feature X Money PayPal Venmo Cash App Peer-to-Peer Payments ✅ ✅ ✅ ✅ Instant Bank Transfers ✅ ✅ ✅ ✅ Crypto Integration ❌ ✅ ✅ ✅ Debit Card Support ✅ ✅ ✅ ✅ Merchant Services ❌ ✅ ✅ ✅

If X Money wants to stand out, crypto could be its golden ticket. Right now, it’s just another Visa-powered wallet. But if Musk adds DOGE payments, it could disrupt the game completely.

So, Will DOGE Ever Come to X Money?

Here’s the bottom line: Elon Musk has not ruled out crypto payments. While the initial launch doesn’t include DOGE, there are strong signs that it could be added later.

The real question is: How long will it take?
Musk’s strategy has always been one step ahead of the curve. If he’s holding back on DOGE, there’s probably a reason.

For now, DOGE holders will have to wait and see—or keep HODLing.

Frequently Asked Questions (FAQs)

1. What is X Money?

X Money is a digital payment service by Elon Musk’s X (formerly Twitter), offering peer-to-peer payments, instant bank transfers, and an X Wallet via Visa Direct.

2. Does X Money support Dogecoin?

No, X Money has no official Dogecoin support at launch. However, there’s speculation that crypto integration could happen in the future.

3. Why didn’t X Money launch with Dogecoin?

The exact reason is unknown, but possible factors include regulatory concerns, licensing hurdles, or Musk’s strategic timing.

4. Can I buy crypto with X Money?

Not yet. Unlike PayPal, Venmo, or Cash App, X Money does not currently offer crypto purchases or transfers.

5. How does X Money compare to PayPal and Venmo?

X Money offers similar features to traditional payment apps, but without crypto support (yet). If DOGE is added, it could differentiate itself.

6. Is Musk planning to integrate Dogecoin later?

There’s no official confirmation, but given Musk’s history with DOGE, many believe it’s just a matter of time.

7. What’s the current price of Dogecoin?

As of January 28, 2025, DOGE is trading at $0.33, down from its December peak of $0.48.