Technical CRYPTO Analyst
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We provide only technical based charts here for alts coins as well as btc

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#HBAR #APE #BIT #APT #DYDX #IMX #ACA
#IMX price has started to decline after reaching the downtrend line and again we expect a drop to the support level of 0.910 $ - 0.930 $ and if the support is broken, the next price target is $0.730.
#IMX is placed between support and resistance, and now after reaching resistance and negative divergence, we expect it to descend towards the main support of $0.930 - $0.910 after breaking the dynamic support.
#IMX dropped to support after breaking dynamic support. According to the market trend, we expect the price to continue down to $0.730.
#IMX

The price started to decline after the formation of the pattern and broke the first support, which was $1.057. The next support is $1.020, which price will probably decrease to that level.
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The price of #IMX has a strong upward trend. Considering the upward trend of the market, we expect that the price will continue to grow after breaking the resistance and reach $0.700.
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#IMX is forming a head and shoulders pattern in the daily time frame, and an ascending channel has formed in the 4-hour time frame.

The price reached the resistance level of $2.53-$2.62 , but after several attempts, it has not succeeded in breaking the level yet.

Considering that the price is in an ascending channel and is now at the ceiling, there is a high possibility of the price falling to $1.97.

If IMX manages to break through the resistance level and stabilize above it, there is a high probability that it will reach new price levels. This could indicate the beginning of a new upward trend, attracting the attention of many investors 🚀. It is also important to consider trading volume and overall market conditions to ensure the sustainability of this breakout.
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#IMX Short Position Update entry at $1.37

Entering with 50% of our position size at this level.

Targets will be updated soon—stay tuned for further updates!
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