$IMX **Immutable X (IMX) Analysis - October 18, 2024**
As of today, Immutable X (IMX) is trading at $1.554, and the sentiment leans bullish. The platform’s unique approach to layer-2 scaling for Ethereum NFTs positions it favorably in a growing market, particularly with the recent surge in gaming NFTs and partnerships. Technical indicators suggest a potential breakout above resistance levels, which could drive prices higher.
For traders, a target price of **$1.75** is feasible in the short term, supported by recent bullish momentum. A sell price around **$1.50** can serve as a safety net in case of market corrections, offering a good risk-reward ratio. Overall, IMX’s fundamentals, combined with positive market trends, suggest that it is well-positioned for growth as we move further into the latter part of October
