IMX Looks Bottomed Here – Ready for the Next Leg Up?
2024-09-18

The weekly chart has just confirmed another bullish signal at macro support. What can we expect?

Ideally, a continued uptrend from here would be the best scenario, and it’s something I’m anticipating before any potential reversal and the formation of a new monthly trend.

There are no new lows in sight after retesting the previous monthly support levels, with clear demand around $1.

If things continue to develop positively, a 5-week consolidation period could provide a stronger signal. For now, this setup is sufficient for me to look for long positions, aiming to hold into $2.5 as a primary target. If momentum and overall market conditions are favorable, new all-time highs could be on the horizon.

 CRYPTOCAP:IMX  LONG!