Saturday, September 23, 2023
HomeImmutableXImmutable X's new trading reward design could push IMX past $0.50 soon

Immutable X’s new trading reward design could push IMX past $0.50 soon

  • Immutable X has introduced a new trading rewards design.

  • IMX has added 5% to its value today and could rise further in the next few hours.

  • The market cap of cryptocurrencies could soon reach $880 billion.

Immutable X launches new trading reward design

Immutable X announced a few hours ago that it has a new and improved trading reward design. The team explained that Trading Rewards features a points-based rewards system, where traders earn and convert points based on daily trading volume.

this latest cryptocurrency news Immutable X Network’s native token, IMX, surged by over 5%. When pressing Immutable X price It is at $0.4441 and could soon move towards the $0.50 resistance level.

The broader crypto market has also performed well over the last 48 hours. Cryptocurrency market capitalization he reached $871 billion, up more than 2% so far.

Bitcoin is eyeing the $1,800 resistance level after surging 3.5% today, and Ether has already crossed the $1,300 psychological level.

Important Levels to Watch

The IMX/USD 4-hour chart is about to turn bullish as Immutable X has performed well over the past few days. Technical indicators show that IMX is controlling the bulls at the moment.

The MACD line is approaching the positive zone and could do so as soon as the market gains momentum. The 14-day RSI at 68 also indicates that the IMX could soon enter overbought territory.

If the rally continues, IMX is likely to break out of the first major resistance level at $0.50 by the end of the day. With broader cryptocurrency market support, IMX may try to reach the $0.592 resistance level for the first time in three weeks.

Where to Buy Immutable X Now


Start your cryptocurrency journey today. Huobi Global has various features that make it an ideal place to buy and sell digital assets.

Buy IMX now on Huobi

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