CandleFocus

IMX Price Drops 4.56% Ahead of Major Game Announcement—Will Support Hold?

IMX Price Drops 4.56% Ahead of Major Game Announcement—Will Support Hold?
Immutable (IMX) is set to announce its third multi-billion-dollar-backed game on February 26th. However, the price of IMX has seen a decrease, currently trading at $0.6608 after dropping 7.21% in the last 24 hours. The market mood is generally negative, but there has been a recent bounce from the lowest point, indicating some buying interest. IMX is testing key support levels, and if sellers continue to push, the next support is at $0.6000. On the upside, resistance is strong between $0.6800 and $0.6900. Despite the short-term negative movement, analysts expect IMX to recover strongly. Coincodex price prediction suggests a large price increase by December 2025, potentially leading to gains of 138.87% for investors. However, it is important to note that this information is for informational purposes only and should not be taken as financial advice.

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