{"id":10610,"date":"2023-11-07T12:39:45","date_gmt":"2023-11-07T12:39:45","guid":{"rendered":"https:\/\/infundpros.com\/markets\/crypto\/is-immutablex-going-to-zero-imx-price-drops-suddenly-as-rising-crypto-gem-secures-1-3-million\/"},"modified":"2023-11-07T12:39:46","modified_gmt":"2023-11-07T12:39:46","slug":"is-immutablex-going-to-zero-imx-price-drops-suddenly-as-rising-crypto-gem-secures-1-3-million","status":"publish","type":"post","link":"https:\/\/infundpros.com\/?p=10610","title":{"rendered":"Is ImmutableX Going to Zero? IMX Price Drops Suddenly as Rising Crypto Gem Secures $1.3 Million"},"content":{"rendered":"
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Leading layer-2 scaling solution ImmutableX (IMX) has entered major retracement, as IMX price drops suddenly following a skyrocketing price move yesterday, but with panicked IMX holders asking \u2018Is ImmutableX Going to Zero?\u2019 \u2013 could this emerging crypto gem offer better returns?<\/p>\n

The sudden drop in IMX price has left markets reeling, as IMX now ranks as the biggest daily loser<\/a> in the top 100 cryptocurrencies.<\/p>\n

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So far so good for $IMX<\/a>, similar to $UNFI<\/a> Chart!#IMX<\/a> is inside the Parallel Rising channel, monthly candle is still green!
Let\u2019s see if this support holds as i expect it to Hold! pic.twitter.com\/saCalhRFbN<\/a><\/p>\n

\u2014 Wallstreet XBT (Binance Bot) (@WallstreetXBT) November 7, 2023<\/a><\/p>\n<\/blockquote>\n

Eagled-eyed crypto traders remain with bullish sentiment following the dramatic retrace, noting that IMX is still in the green on month-on-month growth at +48%.<\/p>\n

IMX Price Analysis: Is ImmutableX Going to Zero After Dramatic Retracement Move?<\/strong><\/h2>\n

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As ImmutableX heads south in retracement, IMX price is currently trading at a market price of $0.82 (representing a 24-hour change of -9.52%).<\/p>\n

The retracement move was triggered as IMX price hammered-up to a local high of $1.28 following an impressive +47% daily candle.<\/p>\n

This comes on the tail-end of strong technical posture, as IMX price mounted the 20DMA on October 22, and then broke above the 200DMA on November 4.<\/p>\n

The 20DMA (sat at $0.68)\u00a0 is now ascendant heading for an imminent golden cross with the 200DMA (sat at $0.69) in an unfurling bullish move.<\/p>\n

However, the -35% retracement has failed to significantly cool-off an overheated RSI, which remains showcasing bearish divergence at 66.97 \u2013 suggesting further retracement is likely.<\/p>\n

The MACD contrasts this view however, demonstrating bullish momentum at 0.0241, in reflection of the positive month-on-month growth.<\/p>\n

Overall, IMX price looks strong here, retracement and consolidation will be necessary ahead of another push up \u2013 but a near golden cross of key moving averages suggests that price will post a second rally leg.<\/p>\n

This leaves IMX price with an upside target at $1.13 (a possible +36.75%).<\/p>\n

While IMX price faces downside risk down to $0.73 (a potential -11.65%).<\/p>\n

IMX price therefore carries a risk: reward structure of 3.15, an attractive entry that indicates ImmutableX is not going to zero<\/strong> anytime soon.<\/p>\n

But while IMX price continues its retracement move, an emerging meme coin gem is undertaking a skyrocket presale move \u2013 offering the potential for equally dramatic profits on the near horizon.<\/p>\n

Meme Kombat Hits $1.27M in Funding As Meme Coin Capital Floods Into Presales<\/strong><\/h2>\n

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Meet\u00a0Meme Kombat, a trailblazing initiative that has seamlessly blended the memetic love of nostalgic gaming, and GambleFi, into a decentralized Web3 platform.<\/p>\n

So, what makes Meme Kombat tick, and why should potential investors keep a keen eye on this presale?<\/p>\n

The essence of Meme Kombat lies in its captivating arena where characters aiming to tap into deeply tribal crypto communities lock horns.<\/p>\n

Players have the liberty to place their bets on these animated battles, predicting the outcomes and possibly reaping attractive rewards.<\/p>\n

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When you see your favorite meme about to engage in Kombat\u2694\ufe0f #MemeKombat<\/a> $MK<\/a> pic.twitter.com\/onxqRhgAsq<\/a><\/p>\n

\u2014 Meme Kombat (@Meme_Kombat) November 7, 2023<\/a><\/p>\n<\/blockquote>\n

With a sturdy promise of Season 1 showcasing 11 distinct meme characters, there\u2019s no shortage of action, and Season 2 is already on the horizon for December 2023.<\/p>\n

The decentralized nature of the project, combined with the thrill of AI-driven battles, ensures that the outcomes are both transparent and unpredictable \u2013 every battle is a new experience, ensuring players stay engaged.<\/p>\n

Meme Kombat Pits Leading Crypto Meme Communities in High Octane Staking Battles<\/h2>\n