Immutable (IMX) Goes Vertical with 45% Spike: Whats Fueling the Rally?

World Crypto Global

Crypto News

Top News By Agency By Country By Publication Time The Most Read Stories Most Viewed Agencies All News Immutable (IMX) Goes Vertical with 45% Spike: Whats Fueling the Rally? © Copyright Image: CryptoPotato

TL;DR

IMX exploded by double digits following rumors of a multi-million dollar collaboration that involves Immutable.
While some analysts predict a potential 100% pump, IMXs rising RSI suggests the token may be entering overbought territory, raising the risk of a short-term pullback.

The Top Performer

IMX the utility and governance token within the Immutable ecosystem experienced a substantial rally in the past 24 hours. Its price soared by almost 50%, reaching as high as $0.68 (per CoinGeckos data), the peak level witnessed so far in April.

IMX Price, Source: CoinGecko

In the past few hours, the valuation has slightly retraced to $0.64. IMXs market capitalization surged well above the psychological mark of $1 billion, thus cementing the assets spot among the top 100 cryptocurrencies.

One likely reason triggering the upswing is the green wave in the entire digital asset industry. As CryptoPotato reported earlier today (April 23), the sectors market capitalization jumped beyond $3 trillion, whereas bitcoin (BTC) briefly exceeded $94,000.

Another factor could be a potential major collaboration that involves Immutable. On April 22, the projects co-founder Robbie Ferguson said the outcome of a multi-billion dollar partnership thats been in the works for more than two years is about to be disclosed today.

Despite not revealing further details, his post created huge excitement across the space. As of this writing, there is no information on the actual partnership.

Price Predictions

According to some analysts, IMX could rally even more in the short term. The X user World of Charts recently claimed that the price has consolidated within a descending broadening wedge. A successful breakout would result in a 100% pump, he suggested.

Crypto Tony also gave their two cents. The popular market observer told his over half a million followers that a flip above $0.69 could be enough for the floodgates to open up again.

Contrary to the bullish forecasts, the Relative Strength Index (RSI) warns about a possible pullback. The momentum oscillator measures the speed and magnitude of recent price changes of a particular cryptocurrency and varies from 0 to 100.

Ratios above 70 are typically considered bearish since they indicate the asset has entered overbought territory and could be due for a correction. IMXs RSI has recently soared to 85, its highest point since late March.

Read more: https://cryptopotato.com/immutable-imx-goes-vertical-with-45-spike-whats-fueling-the-rally/

Text source: CryptoPotato

Crypto Bits Crypto News Altcoins Written by Dimitar Dzhondzhorov On Wed, 23 Apr 2025 Disclaimer: Financial information and news are not financial advice, read the disclaimer. Buy & sell Crypto in minutes

Join BINANCE!

The world's largest crypto exchange

The 7 Most Read Stories Best NFT Airdrops and Giveaways for October 2022 These Are The Bitcoin Predictions For 2023 By Arcane... Lightning Labs Announces Cheaper Way To Send Money W... Potential Loss of $50K in Plea Deal for Suspected Ha... Best Bitcoin Wallets Tom Brady, Gisele Bundchen And Sam Bankman-Fried Sue... The new $10 billion protocol: Bitcoin builder explai... View All Most Viewed Agencies InsideBitcoins.com BitcoinChaser Blockonomi

The most complete Crypto News Center.

Search Stories:

Latest top stories

Coinbase to Launch wrapped versions ADA, DOGE, LTC, XRP on Base Network

Altcoins:

By Coindoo On Wed, 14 May 2025 Market Volatility Indicator Pointing Towards $135K Bitcoin in 100 Days, Analyst Reveals

Bitcoin: Crypto News: 135K: analyst: Bitcoin News: Breaking News: Crypto Breaking: Crypto Breaking News: crypto news: days: Indicator: market: Pointing: Reveals: volatility:

By Crypto Breaking... On Wed, 14 May 2025 While PEPE and SHIB Chase Pumps, Web3 ai Builds Real AI Tools With Huge ROI Potential of 1747%

Crypto News:

By Coindoo On Wed, 14 May 2025 XRP Surges Past NecklineAnalyst Projects Rally To $3.57

XRP News: xrp: xrp news: XRP Price: XRP Price Analysis: XRP price news: XRP Technical Analysis:

By NewsBTC On Wed, 14 May 2025 Toncoin Consolidates After Rally: Will It Break $3.54 or Drop Below $3.10?

News: Altcoin News: TON consolidation: TON Crypto: TON price support and resistance: Toncoin price: Toncoin RSI MACD: Toncoin technical analysis:

By TronWeekly On Wed, 14 May 2025 Dogecoin Chart Looks Perfect: Analyst Targets $1.10$1.25 Zone

Dogecoin: doge: DOGE news: Doge price: Dogecoin news: dogecoin price: Dogecoin Price Prediction:

By NewsBTC On Wed, 14 May 2025 Bitcoin Bull Market: Pundit Reveals When To Sell Everything

Bitcoin: Ali Martinez: Ardizor: bitcoin: Bitcoin news: bitcoin price: btc: BTC news: btc price: btcusd: BTCUSDT: CDD: Coin Days Destroyed: CoinMarketCap: CrediBULL Crypto: ETH: instagram: jim cramer: meme coins: Peter Brandt: Standard Chartered: tiktok: USDT:

By NewsBTC On Wed, 14 May 2025 Binance Maintains Over 100% Bitcoin Reserve Ratio for 30 Months Straight

AA News: BTCEUR: BTCGBP: BTCUSD: BTCUSDT: Crypto News: Binance: Binance Coin: Bitcoin:

By CryptoPotato On Wed, 14 May 2025 Solana Flips Bullish: Price Climbs Above Ichimoku Cloud With Strong Momentum

Solana: Ichimoku Cloud: MACD: Moving average convergence divergence: Sol: SOL news: SOL Price: Solana news: Solana Price: SOLUSD: SOLUSDT:

By NewsBTC On Wed, 14 May 2025 $1.2B In Ethereum Withdrawn From CEXs Strong Accumulation Signal

Ethereum: ETH: ethereum: Ethereum accumulation: Ethereum Analysis: Ethereum Breakout: ethereum news: ethereum price: Ethereum Technical Charts: ETHUSDT:

By NewsBTC On Wed, 14 May 2025 Important Warning Affecting All Binance Users: Details Here

Crypto Bits: Crypto News: Binance: Crypto Scams: Phishing:

By CryptoPotato On Wed, 14 May 2025 ETH Withdrawals Surge to $1.2B Weekly as Price Nears 3-Month High

AA News: Crypto News: ETHBTC: ETHUSD: Ethereum (ETH) Price:

By CryptoPotato On Wed, 14 May 2025 XRP Price Prediction: $36 Is In The Cards As 3-Month Timeframe Turns Bullish?

XRP: Ali Martinez: Dark Defender: elliot wave theory: glassnode: URPD: UTXO Realized Price Distribution: xrp: xrp news: XRP Price: XRPUSD: xrpusdt:

By NewsBTC On Wed, 14 May 2025 Retail Bitcoin Investors Are Returning A Sign of Renewed Confidence?

AA News: BTCEUR: BTCGBP: BTCUSD: BTCUSDT: Crypto News: Bitcoin (BTC) Price:

By CryptoPotato On Wed, 14 May 2025 Next Crypto to 1,000x as Bitcoin Targets $135K by June and Trump Predicts Market Explosion

Cryptocurrency Market News:

By NewsBTC On Wed, 14 May 2025 Ethereum MVRV Pricing Bands Show Key Resistance Around $3,100 Level Details

Ethereum: ETH: ethereum: Ethereum Analysis: Ethereum MVRV: Ethereum MVRV Pricing Bands: ethereum news: ethereum price: ETHUSDT:

By NewsBTC On Wed, 14 May 2025 Shiba Inu (SHIB) and Cardano (ADA) Are Gems With 100x Potential, Says Analyst

ADABTC: ADAUSD: Crypto Bits: Crypto News: SHIBBTC: SHIBUSD: Cardano (ADA) Price: Shiba Inu (SHIB):

By CryptoPotato On Wed, 14 May 2025 Americorp Investments to bring US parking industry on-chain with Casper Network

Press Release:

By CryptoPotato On Wed, 14 May 2025 Integrate Changellys Fiat API for Gaming and Get $10K in Promo Support

Changelly Ecosystem:

By Cryptocurrency... On Wed, 14 May 2025 Tether Acquires $459 Million Worth of Bitcoin from Twenty One Capital in Major Crypto Deal

Bitcoin: Crypto News: Acquires: Bitcoin News: Breaking News: capital: crypto: Crypto Breaking: Crypto Breaking News: crypto news: Deal: Major: Million: Tether: Twenty: Worth:

By Crypto Breaking... On Wed, 14 May 2025 Aurora Labs Launches Incubator Program For EVM Developers on Near Protocol

AA News: Crypto News: DeFi News:

By CryptoPotato On Wed, 14 May 2025 Price Down, Bets Up: Dogecoin Open Interest Climbs To $1.62 Billion

Meme coins: altcoins: bitcoin: crypto: doge: Dogecoin: meme coins: open interest:

By NewsBTC On Wed, 14 May 2025 Ripple Post-Consolidation Surge: What Are XRPs Next Price Targets? (Analysis)

Crypto News: XRP Analysis: XRPBTC: XRPUSD: Ripple (XRP) Price:

By CryptoPotato On Wed, 14 May 2025 Pepe Hunt Presale Blasts Off Viral Frog Betting Project Raises Over $150,000 in 24 Hours

Projects:

By CryptoPotato On Wed, 14 May 2025 Peanut the Squirrel Explodes by 170% in a Week: Whats Next for PNUT?

Crypto Bits: Crypto News: Meme coins: Peanut the Squirrel (PNUT):

By CryptoPotato On Wed, 14 May 2025 XRP Price Rejected At Resistance: Why $2.69 Holds The Key

XRP: CasiTrades: Fibonacci Retracement Level: xrp: xrp news: XRP Price: XRPUSD: xrpusdt:

By NewsBTC On Wed, 14 May 2025 Solana vs BlockDAG: 15,000 TPS vs PoH - Which Layer 1 Wins the Tech Race in 2025?

More News:

By Crypto Daily On Tue, 13 May 2025 Web3 ais $4 Target Could Turn $500 Into $666K - Hyperliquid (HYPE) Price Hits $697M, BGB Hits 120M Users

More News:

By Crypto Daily On Tue, 13 May 2025 Tether Gold Debuts in Thailand on Maxbit Exchange

Market News: Market Updates: exchange: SEC: Stablecoin:

By TheNewsCrypto On Tue, 13 May 2025 US CPI for April Clocks Lower Than Expected, BTC Price Remains Flat

BTCEUR: BTCGBP: BTCUSD: BTCUSDT: Crypto News: featured1: Bitcoin (BTC) Price: United States:

By CryptoPotato On Tue, 13 May 2025 Falcon Finance Introduces Overcollateralized Stablecoin USDf

News: FALCON FINANCE: STABLECOIN: USDF:

By Blockchain News On Tue, 13 May 2025 Top AI Cryptos Youll Regret Ignoring in 2025, Unstaked, Theta, Livepeer & More

More News:

By Crypto Daily On Tue, 13 May 2025 Crypto Guru Reveals His Top 5 AI Altcoins For 2025

More Crypto News:

By Crypto Daily On Tue, 13 May 2025 Robinhood to buy Canadas crypto powerhouse WonderFi in $178M all-cash deal

Business:

By Crypto Briefing On Tue, 13 May 2025 Curve DAO (CRV) price drops as Curve Finance battles DNS attack

Analysis: Markets: Cryptocurrency News: Curve Dao Token News: Curve Finance:

By CoinJournal: La... On Tue, 13 May 2025 MoonX: BYDFis On-Chain Trading Engine A Ticket from CEX to DEX

Press Release:

By CryptoPotato On Tue, 13 May 2025 Bitfinex Unveils Mobile App Update 7.10.0 with Key Enhancements

News: BITFINEX: MOBILE APP: UPDATE: CRYPTOCURRENCY:

By Blockchain News On Tue, 13 May 2025 Solana (SOL) on the Verge: Can Bulls Break Free from the Bearish Chains?

Editors News: Investing News: Market Updates: Altcoin: Cryptocurrency: SOL: Solana:

By TheNewsCrypto On Tue, 13 May 2025 NFTs Are Rising Again Heres How AI Is Reshaping NFTs

More Crypto News: Ethereum (ETH):

By InsideBitcoins.com On Tue, 13 May 2025 Solana Co-Founder Proposes Meta Chain Solution to Address Blockchain Fragmentation

Crypto News: Solana: address: Bitcoin News: blockchain: Breaking News: Chain: cofounder: Crypto Breaking: Crypto Breaking News: crypto news: Fragmentation: Meta: Proposes: solution:

By Crypto Breaking... On Tue, 13 May 2025 Animoca Plans NY Listing Amid Pro-Crypto Shift

Market News: Market Updates: Animoca: TRUMP:

By TheNewsCrypto On Tue, 13 May 2025 Dogecoin Analysis: Will DOGE Retest $0.20 After 4% Pullback?

Analysis: Doge: Dogecoin Price Prediction: Latest Dogecoin (DOGE) News Today:

By The Crypto Basic On Tue, 13 May 2025 India Tightens Crypto Monitoring in Border and Sensitive Regions

Market News: Market Updates: Crypto: India: Regulations:

By TheNewsCrypto On Tue, 13 May 2025 Barcelona Welcomes CoreWeave's AI Cloud Platform with New Data Center Launch

News: AI: DATA CENTERS: BARCELONA: SUSTAINABILITY:

By Blockchain News On Tue, 13 May 2025 UAEs Mbank and Changer.ae Launch Crypto Conversion Service

Market News: Market Updates: Crypto: UAE:

By TheNewsCrypto On Tue, 13 May 2025 Shardeum (SHM): Revolutionizing Blockchain with Dynamic State Sharding

News: SHARDEUM: BLOCKCHAIN: SHM: CRYPTOCURRENCY:

By Blockchain News On Tue, 13 May 2025 SEC Delays Decision on BlackRocks In-Kind Bitcoin ETF Redemptions

Regulations:

By Coindoo On Tue, 13 May 2025 Altcoins Face a Key Moment: BlockDAG Clears CertiK Audit, DOT Price Stays Below $4, and LTC Gains 10%

Crypto News:

By Coindoo On Tue, 13 May 2025 SEC punts decision on crypto ETFs again, final rulings anticipated later in 2025

Crypto: ETF: Featured:

By CryptoSlate On Tue, 13 May 2025 Arizona Governor Shuts Down Crypto Bills, But One Quietly Gets Through

Altcoin News: News: Arizona: Bitcoin: crypto bill: Regulation:

By TronWeekly On Tue, 13 May 2025 Support Contact Us Sitemap Information About Us Privacy Policy Terms of Use Cookies Disclaimer

Welcome at World Crypto Global. This portal is packed with useful content and resources to built out your own crypto skills. WCG is a site member of ITeGAMAX's online services.

The information provided by World Crypto Global on this Site is for general informational purposes only. All information on this Site is provided in good faith, however we make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability, or completeness of any information on this Site.

UNDER NO CIRCUMSTANCE SHALL WE HAVE ANY LIABILITY TO YOU FOR ANY LOSS OR DAMAGE OF ANY KIND INCURRED AS A RESULT OF THE USE OF THE SITE OR RELIANCE ON ANY INFORMATION PROVIDED ON THE SITE. YOUR USE OF THE SITE AND YOUR RELIANCE ON ANY INFORMATION ON THE SITE IS SOLELY AT YOUR OWN RISK.

Use of this site is subject to our Terms and Conditions, Disclaimer, and Privacy Policy.

Cookies Consent.

WE AND OUR PARTNERS USE COOKIES ON THIS SITE TO IMPROVE OUR SERVICE, PERFORM ANALYTICS, PERSONALIZE ADVERTISING, MEASURE ADVERTISING PERFORMANCE, AND REMEMBER WEBSITE PREFERENCES.

By using this website, you automatically accept that we use cookies.

To learn more about use of cookies see our Privacy Policy. Learn More.