Unique addresses of users trading in IMX crypto have decreased recently, indicating a drop in demand for the asset. The number of distinct addresses participating in transactions within different timeframes has seen a decline. For instance, there were 751 transactions in the past 24 hours, 4320 transactions over a 7-day period, and 17K transactions in the last 30 days.

This downward trend in active addresses suggests a reduction in overall demand and value for the Immutable cryptocurrency.

Overview

The daily chart for Immutable crypto previously showed an impressive price movement, marked by a strong battle between buyers and sellers. Starting from October 18, 2023, the price rose significantly from the $0.500 demand zone to hit $3.75, successfully breaking through the $2.50 resistance level.

However, the price faced a setback after encountering resistance at $3.75. Following this, the IMX crypto entered a bearish phase, plummeting from the resistance level. The asset's technical indicators also reflect negativity, with the price falling below key EMA bands and showing a bearish MACD and RSI below 30.

Key Levels

Support: $1.75

Resistance: $2.50

Important Note

The information presented in this article is solely for informational purposes and does not constitute financial or investment advice. It is essential to acknowledge the risks associated with trading or investing in cryptocurrencies and be cautious about potential financial losses.