Immutable (IMX) is preparing to announce a new multi-billion-dollar-backed game on February 26th. Meanwhile, the price is declining, attracting investors' interest.
IMX Price Pressure and Market Movements
The IMX price started the day around $0.6919 but has been under ongoing pressure, making lower highs and lower lows. This points to a generally negative market mood. However, a recent bounce from the lowest point indicates some buying interest, prompting discussions about whether this is a short-term bounce or the start of a sustainable recovery.
Key Price Levels for IMX
IMX is testing key support levels, which...
Major Immutable Announcement
Immutable is preparing to announce its third multi-billion-dollar-backed game on February 26th. This comes as the IMX price is experiencing a decline, currently trading at approximately $0.6608 after dropping 7.21% over the last 24 hours.
Despite current IMX price pressure and anticipation of a major announcement, investors hope for a price recovery, especially given the potential rebound from oversold conditions.
