IMX/USDT descending channel what next? ððIMX analysis
ðParadisers, #IMXUSDT is currently tracing a descending channel trajectory. This poses the question: Will we see a continuation of the downtrend, or is there uncertainty ahead for sellers? Letâs examine the potential outcomes.
ð Notably, #IMX has surged above both the descending channel trendline and the 200-day Simple Moving Average (SMA) on the daily chart. This upward break signals strong control by the bulls, potentially heralding a continuation of the uptrend.
ð Nevertheless, while #Immutable stays beneath the critical supply zone of $2.4553, the outlook could still lean towards bearish. A breakout above this level could shift the momentum towards bullish territory. In such dynamic market conditions, maintaining vigilance and trading strategically are paramount for success.
MyCryptoParadise
iFeel the successðī
ð Notably, #IMX has surged above both the descending channel trendline and the 200-day Simple Moving Average (SMA) on the daily chart. This upward break signals strong control by the bulls, potentially heralding a continuation of the uptrend.
ð Nevertheless, while #Immutable stays beneath the critical supply zone of $2.4553, the outlook could still lean towards bearish. A breakout above this level could shift the momentum towards bullish territory. In such dynamic market conditions, maintaining vigilance and trading strategically are paramount for success.
MyCryptoParadise
iFeel the successðī
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