The cryptocurrency Immutable (IMX) has shown strong post-breakout performance and is on track to test its first target of $4.91, with a potential 255% rise from current levels. A chart prepared by Javon Marks shows IMX breaking out from a prolonged downtrend and two key price levels, $4.91 and $9.4049, as potential targets. Breaking above $4.91 would confirm the bullish trajectory and open the door for further price advancements. The current price movements indicate room for further upward action, supported by steady trading volume. The ability to reach and sustain levels beyond $4.91 will determine if IMX can continue its upward momentum. If successful, the next target to watch is $9.4049, representing a potential gain of over 90% from the first target. This would solidify IMX's position in the market and position it as a standout performer with potential gains surpassing its peers.



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