IMX Gains 8% as Chart Breakout Aligns With CEX Expansion

  • IMX broke a long-term trendline and gained over 8% in one day.
  • World of Charts predicts a 2x move from current IMX price levels.
  • Immutable added CEX integrations and stablecoin support for cheaper transfers.

On October 3, 2025, World of Charts reported a bullish breakout for IMX/USDT after multiple failed attempts earlier in the year. The daily chart showed the price clearly moving above a key descending trendline that had acted as resistance since early 2025.

The resistance zone near $0.70 was tested multiple times before the breakout. After holding above that level, IMX showed an 8.22% gain in a single day, closing near $0.79. The technical structure now suggests an active trend change, supported by volume and market behavior.

On September 25, the same analyst predicted a move toward $1.40, assuming price held above support. That forecast still stands, as the price structure remains intact.

Adoption Momentum Grows With Faster Transfers

Immutable has announced new major partnerships, which include integrations with centralized exchanges. These moves are aimed at making $IMX more accessible and efficient to transfer.

The platform now supports stablecoins, allowing for faster and cheaper transfers without the need for bridges. This improves usability and removes friction for both users and developers. According to the company, “No bridges, no hassle just pure efficiency driving global adoption.”

Immutable continues to position itself as a Layer-2 network focused on NFTs and in-game assets. It has gained recognition for scaling solutions built specifically for Web3 gaming.

Analyst View and Market Outlook

World of Charts analysts remain optimistic after observing repeated support confirmations. They noted, “$IMX has started after testing multiple times, expecting a 2x rally from here.”

Despite the optimism, analysts cautioned that the crypto market remains volatile. External factors and broader market trends could still influence the price.

At the time of writing, IMX trades around $0.79. The forecast remains aimed at $1.40 if momentum and adoption continue. Historical resistance zones will still play a role in determining future movements.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.

Hot this week

Stellar Price Tests Support as Analysts Map a Path Toward $1 

Stellar price trades at $0.1797, down 0.17%, with daily...

Ethereum Price Slips Below $2,500 Despite Strong Quarterly Gain 

Ethereum price falls below $2,500 as Ted Pillows identifies...

Chainlink Price Tests $11 Support After $120M Whale Buying 

Chainlink trades at $11.332, down 1.53%, approaching the $11.00–$11.20...

Bitcoin Price Holds Range as Analysts Flag $81,700 Breakout Test

Bitcoin price faces its 365-day moving average near $81,700...

Revolut Data Breach Follows Fraudulent Government Data Requests

Revolut data breach follows fraudulent information requests sent through...

Topics

Stellar Price Tests Support as Analysts Map a Path Toward $1 

Stellar price trades at $0.1797, down 0.17%, with daily...

Ethereum Price Slips Below $2,500 Despite Strong Quarterly Gain 

Ethereum price falls below $2,500 as Ted Pillows identifies...

Chainlink Price Tests $11 Support After $120M Whale Buying 

Chainlink trades at $11.332, down 1.53%, approaching the $11.00–$11.20...

Bitcoin Price Holds Range as Analysts Flag $81,700 Breakout Test

Bitcoin price faces its 365-day moving average near $81,700...

Revolut Data Breach Follows Fraudulent Government Data Requests

Revolut data breach follows fraudulent information requests sent through...

Caroline Ellison Joins Manifund After Serving FTX Fraud Sentence

Caroline Ellison joined Manifund full-time on August 10 after...

Metaplanet Cuts Executive Share Pool 41.1% After Investor Outcry

Metaplanet reduces its Series 10 pool to 188.19 million...

Dogecoin ETF Closure Sets October Exit for Bitwise BWOW Holders 

Bitwise expects Dogecoin ETF trading to end October 14,...
spot_img

Related Articles

Popular Categories

spot_imgspot_img