Key takeaways
- IMX is down 8.8% in the last 24 hours and briefly dropped below $0.70.
- The coin could surge past the $0.80 resistance level soon if the market recovery persists.
IMX dips below $0.70 despite Immutable launching its mobile gaming division
IMX, the native coin of the Immutable ecosystem, has lost nearly 10% of its value over the weekend. The coin was trading around $0.90 on Friday but has since dropped and now trades around $0.7100 per coin.
The coin briefly dropped below $0.70 on Monday after the flash dump that saw Bitcoin dip below $112k. However, it has slightly recovered and now trades around $0.71 per coin.
IMX’s bearish performance comes despite Immutable launching its mobile gaming division. The Immutable team announced this latest development on Friday, adding that the division will target mainstream users on mobile with new growth products, expertise, and investments.
ANNOUNCEMENT
Today, we’re launching the Immutable Mobile Gaming Division.
A specialist taskforce to target mainstream users on mobile with new growth products, expertise, and investments.
Why?
Because over 50% of mainstream gamers play on mobile, generating +$121B in… pic.twitter.com/7vvFw4wFNZ
— Immutable (@Immutable) September 19, 2025
Furthermore, Web3 games on the Immutable blockchain can now link to external crypto payments without incurring a 30% fee.
IMX targets $0.80 amid bearish price action
The IMX/USDT 4-hour chart is bearish and efficient thanks to the coin underperforming over the weekend. The technical indicators have also switched bearish as sellers dominate the market.
The MACD lines are about to crossover into the negative territory, suggesting a switch to bearish price action. The RSI of 48 means it is below the neutral 50, indicating that sellers are in control.
If the bearish trend continues, IMX could drop to the $0.614 support level in the near term. However, the support level at $0.690 is currently holding strong.
On the flip side, if the market embarks on a strong recovery, IMX could target the first major resistance level at $0.867. An extended bullish run would allow IMX to surpass last week’s high of $0.97.
Key takeaways
- IMX is the best performer among the top 100 cryptocurrencies by market cap, up 12% in 24 hours.
- The coin could target the $0.808 resistance level soon.
IMX rally as on-chain activity increases
IMX, the native coin of the Immutable ecosystem, is the best performer among the top 100 cryptocurrencies by market cap in the last 24 hours. The coin rallied by more than 12% and has now surpassed the $0.70 mark.
The positive performance comes amid growing on-chain activity. IMX’s 24-hour turnover ratio is around 6.2%, indicating growing trading activity within the immutable ecosystem. On-chain data shows that a whale purchased 4.55 million IMX tokens, about $3.2 million worth, on September 13.
This transaction caused a 23% jump in large transactions and has been the primary catalyst behind IMX’s ongoing rally.
IMX eyes the $0.808 resistance level
The IMX/USD 4-hour chart is bullish but inefficient, thanks to Immutable’s sudden rally over the last 24 hours. The inefficiency could see IMX dip lower to grab liquidity before continuing its rally.
The RSI of 64 shows that buyers are firmly in control, with the MACD lines also deep within the bullish territory. If the rally continues, IMX could hit the next major resistance level at $0.808 over the next few hours or days. An extended bullish run would allow IMX to hit the $1 mark for the first time since January.
However, the inefficiency could see IMX undergo a correction. If that happens, IMX could decline to the $0.660 level over the next few hours. The major support and TLQ level at $0.58 would likely hold unless the broader crypto market records a massive loss.
The onchain activity supports a continued rally for IMX, with upcoming macroeconomic events likely to play a role in how the coin performs over the next few days.
The crypto prices today have again sparked mixed investor sentiments, illustrating fluctuating trajectories. Bitcoin (BTC) price waned back below $70K level today, whereas Ethereum (ETH), Solana (SOL), and XRP prices traded dominantly in the red zone. Simultaneously, the global crypto market cap dipped by 3% and is resting at $2.35 trillion at the time of writing. However, the total market volume rose by 17% to $95 billion.
Here’s a brief collection of some of the top cryptocurrencies by market cap and their price movements on November 1.
Crypto Prices Today: BTC & Top Altcoins Face Turbulence
While BTC backtracked to the $69K level today, ETH price slipped below $2,500. Simultaneously, SOL and XRP prices tanked roughly 1%-5% intraday. However, Celestia (TIA) emerged as the day’s top gainer, defying the broader market trend. So, let’s dig deeper into the top cryptocurrencies by market cap and their price run today.
Bitcoin Price Today
BTC price rested at $69,289, down nearly 4% in the past 24 hours. The coin’s intraday low and high were recorded as $68,779.70 and $72,662.31, respectively. BTC’s market cap rested at $1.37 trillion today. US jobs market data is awaited by traders to make further move.
Meanwhile, spot Bitcoin ETFs registered inflows worth $32.14 million as of October 31, per Sosovalue data. Further, the flagship crypto’s dominance saw a 0.05% decline in value to 58.84%.
Ethereum Price Today
ETH price chart indicated a drop of nearly 6% over the past day and is currently resting at $2,498. The coin’s intraday low and high were $2,467.82 and $2,656.45, respectively. Ethereum’s market cap stood at $301.37 billion today. Meanwhile, spot Ethereum ETFs conversely recorded $13.06 million worth of inflows as of yesterday, adding to intrigue surrounding the coin’s price movements.
Solana Price Today
Simultaneously, the crypto SOL witnessed a 4% drop in value and is currently trading at $167. The coin’s intraday low and high were registered as $165.69 and $176.22, respectively. Further, Solana’s market cap was evaluated as $78.68 billion today. It’s noteworthy that Canary Capital recently filed for a Solana ETF with the U.S. SEC, bringing further attention to the crypto.
XRP Price Today
Also, XRP price slipped nearly 1% in the past 24 hours and is now trading at $0.5182. The crypto’s 24-hour low and high were $0.5039 and $0.5218, respectively. XRP’s market cap rested at $29.48 billion today. Intriguingly, XRP whale transactions reported over the past day raised investor concerns over the coin’s future movements amid a waning action. Notably, even Ripple was recorded unlocking 900 million XRP from escrow, adding to market speculations on the digital assets’s waning action today.
Meme Coins Prices Today
Dogecoin (DOGE) witnessed a 7% dip in value and is currently trading at $0.1584. Similarly, even Shiba Inu (SHIB) price plunged nearly 5% to reach $0.00001772. Even PEPE, WIF, and POPCAT prices dropped 4%-8% in the past 24 hours, aligning with the broader market trend.
Top Crypto Gainer Prices Today
Celestia
TIA price soared nearly 5% over the past day and is now trading at $4.89. The coin’s intraday low and high were recorded as $4.58 and $4.96, respectively.
Kaia
KAIA price jumped roughly 3% over the past day and is now trading at $0.1341. The coin’s 24-hour low and high were recorded as $0.1297 and $0.1572, respectively.
Maker
MKR price noted gains worth 1.5% intraday and is now trading at $1,283. The coin’s 24-hour low and peak were $1,242.61 and $1,331.47, respectively.
Top Crypto Loser Prices Today
Immutable
IMX price dipped over 13% intraday and is now trading at $1.17. The coin’s 24-hour low and high were $1.17 and $1.37, respectively. It leads the market drop in the last 24 hours.
dogwifhat
WIF price cracked 8% in the past 24 hours and is currently trading at $2.34. The coin’s 24-hour low and high were $2.33 and $2.59, respectively.
BRETT
BRETT price tanked nearly 7% in the past 24 hours and is sitting at $0.089 today. Its intraday low and high were $0.08786 and $0.09653, respectively.
Besides, the hourly time frame charts sparked further speculations over the crypto prices today as BTC gained 0.13% and ETH gained 0.19%, birthing speculations among market participants globally.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Airdrop Mavericks: Blaze Your $IMX Claiming Trail Medium
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Immutable X token went vertical on Thursday and Friday morning after a series of partnerships.
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Chancer token sale has continued, with the token sale hitting over $1.2 million.
Immutable X (IMX) price went parabolic on Friday even as the crypto market remained in a consolidation phase. The token jumped by more than 20% and reached a high of $0.9290, the highest level since May 6. In all, it has soared by more than 58% from the lowest point in June this year.
Immutable X new partnerships
Immutable X is one of the biggest blockchains that focuses on gaming and non-fungible tokens (NFT) in the world. It is a layer-2 network that helps solve some of the main challenges in Ethereum’s ecosystem. Some of those challenges are higher fees and slow transaction speeds in the network.
IMX, its native token, jumped on Friday, making it the best-performing cryptocurrency in the industry. This rally happened because of the growing partnerships in the network. On Thursday evening, the developers announced a new partnership with Helika Analytics. The partnership will see creators in the ecosystem do in-depth analysis using its no-code tools.
Meanwhile, Ef Defense, a developer using Immutable tools, announced its commitment to Immmutable zkEVM tool. In a statement, the CEO said that Endless Frontier had over 30 million downloads, bringing over $80 million in revenue. He added:
“I believe that collaborating with Immutable will offer us the opportunity to learn invaluable expertise on how to promote web3 games in various forms, communicate with users, and continue to develop the platform.”
The statement came a day after Immutable revealed that the value of the pipeline of games in its ecosystem had grown to over $2.5 billion. This happened after the developer announced a new partnership with Polygon.
IMX price prediction
The 4H chart shows that the Immutable X crypto price made a strong recovery in the overnight session. This rally saw it reach a high of $0.9296, which was much higher than last month’s low of $0.5584. It moved above the key resistance level at $0.8420, the highest point in June.
Also, the token has moved above the 25-day and 50-day moving averages while the Relative Strength Index (RSI) has moved to the overbought level. Therefore, the token will likely retreat and retest the support at $0.80.
AltSignals token sale continues
Another important crypto news is that AltSignals’ token sale gained steam this week as the developers raised over $1.2 million. This amount represents about 54% of all the available tokens since the goal of this stage 2 is to raise $2.25 million.
Buy the AltSignals token here.
For starters, AltSignals is a company that hopes to incorporate artificial intelligence in the financial market. The developers will transition their already–profitable product to one that uses AI, neural language processing (NLP), and machine learning. You can read the comprehensive white paper here.
In addition, once complete, the existing platform will transition from a centralized one into a fully decentralized one. In this, $CHANCER token holders will be able to vote for key activities in the network. There will also be profit-sharing mechanisms in the network.
There are two main reasons for buying the ASI token. First, the token’s price will be hiked by 12% in the next stage of the sale. This means that you can buy more tokens now.
Second, there is soaring demand for stocks and tokens in the AI industry. A good example of this is Intel, AMD, Nvidia, SingularityNET, and Fetch.ai. All these assets have jumped in the past few months.
Third, the Fed made what is likely the final interest rate of the year. This decision could lead to more crypto gains later this year.
Key takeaways
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Polygon Labs has partnered with Immutable X to launch the Immutable zkEVM.
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IMX is down by 12% today despite the strategic partnership announced between Polygon Labs and Immutable X.
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The broader crypto market is underperforming after an excellent rally yesterday.
Polygon Labs and Immutable X announce a strategic partnership
Polygon Labs announced in a blog post on Monday that it has partnered with Immutable X to launch the Immutable zkEVM.
Polygon Labs added that building on Immutable zkEVM with the Immutable Platform would make developing Web3-enabled games faster, easier and less risky for large game studios and independent developers alike.
Despite this latest cryptocurrency news, IMX, the native token of the Immutable X ecosystem, has been underperforming over the past few hours. IMX is down by 12% in the last 24 hours and could drop lower if the trend continues.
At press time, the price of Immutable X stands at $1.276 and could trade lower as the broader market retreats. The total cryptocurrency market cap now stands at $1.16 trillion, down by more than 1% today.
Bitcoin and the other major cryptocurrencies have also been underperforming, with Bitcoin now trading below the $28k level.
Key levels to watch
The IMX/USD 4-hour chart is currently bearish, as Immutable X has been underperforming over the last few hours. The technical indicators show that IMX is shedding some of the profits it generated over the past few days.
The MACD line is still above the neutral zone but is heading into the negative region, indicating that the market is turning bearish. The 14-day RSI of 43 also shows that IMX is close to the oversold region if the bearish trend continues.
If the bears remain in control, IMX could drop below the first major support level at $0.800 over the next few hours or days. However, unless there is a massive decline in prices, IMX should comfortably defend its price above the second major resistance level at $0.700.
Where to buy Immutable X now
Huobi
Start Your Cryptocurrency Journey Today. Huobi Global has a variety of features that make it an ideal place to buy and sell digital asset.
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Immutable X has introduced a new Trading Rewards design.
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IMX has added 5% to its value today and could rally higher over the next few hours.
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The total crypto market cap could be heading toward $880 billion soon.
Immutable X launches its new trading reward design
Immutable X announced a few hours ago that it has a new and improved trading rewards design. The team explained that the Trading Rewards will now feature a points-based rewards system where traders will earn points based on their daily trading volume that will be converted into.
$IMX Rewards introduces new and improved Trading Rewards design!
Trading Rewards will now feature a points-based rewards system where traders will earn points based on their daily trading volume that will be converted into $IMXhttps://t.co/6m0gGb8i47
— Immutable 🅧 – $IMX (@Immutable) December 14, 2022
This latest cryptocurrency news has seen IMX, the native token of the Immutable X network, surge by more than 5%. At press time, the price of Immutable X stands at $0.4441 and could rally toward the $0.50 resistance level soon.
The broader crypto market has also been performing well over the last 48 hours. The total cryptocurrency market cap stands at $871 billion, up by more than 2% so far today.
Bitcoin is eyeing the $1,800 resistance level after surging by 3.5% today, and Ether has already topped the $1,300 psychological level.
Key levels to watch
The IMX/USD 4-hour chart is about to turn bullish, as Immutable X has been performing well over the past few days. The technical indicators show that IMX is in the control of bulls at the moment.
The MACD line is close to crossing into a positive zone and could do so soon as the market momentum builds up. The 14-day RSI of 68 also shows that IMX could soon enter the overbought region.
If the rally continues, IMX could move past the first major resistance level at $0.50 before the end of the day. With the support of the broader cryptocurrency market, IMX could attempt to reach the $0.592 resistance level for the first time in three weeks.
Where to buy Immutable X now
Huobi
Start Your Cryptocurrency Journey Today. Huobi Global has a variety of features that make it an ideal place to buy and sell digital asset.
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Nifty Gateway officially launches on the Immutable X network.
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IMX has lost nearly 10% of its value and could dip further before the end of the day.
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The broader crypto market continues its poor performance this week.
Nifty Gatesway launches on Immutable X
IMX, the native token of the Immutable X Layer-2 blockchain, is down by more than 9% in the last 24 hours. At press time, the price of Immutable X stands at $0.44 per coin.
Nifty Gateway, a leading NFT marketplace, officially went live on the Immutable X network on Wednesday. According to the Immutable X team, they would work on high-quality games, looking for a premium drop experience provided by Nifty Gateway.
We’re excited to share that @niftygateway is officially live on ImmutableX!
They are the MOST premium marketplace for NFTs. They are expanding beyond art and into gaming #onIMX where we will work together to onboard the next billion users into web3
https://t.co/tkKUZ6mqV4 pic.twitter.com/AbBgtfpkvd— Immutable 🅧 – $IMX (@Immutable) December 7, 2022
This latest cryptocurrency news wasn’t enough to get IMX out of its ongoing bearish trend. The broader cryptocurrency market has also been underperforming over the last 48 hours. The total crypto market currently stands at $840 billion, down by 1.6% in the last 24 hours.
Bitcoin and Ether, the two leading cryptocurrencies by market cap, have also been bearish lately. Bitcoin is down by more than 1% so far today and is trading around $1,680 per coin, while Ether has lost 2.6% of its value and is now trading at $1,229.
Key levels to watch
The IMX/USD 4-hour chart has turned bearish as Immutable X has been underperforming in the last few days. The broader crypto market is outperforming IMX at the moment.
IMX’s MACD line dropped into the negative zone yesterday, indicating that the bears have taken control of the Immutable X market. The 14-day RSI of 39 shows that IMX could enter the oversold region soon.
With the bears in charge, IMX could dip below the $0.3984 support level before the end of the day. However, unless the bulls recover quickly, IMX could slip toward the $0.3761 support level in the near term.
Where to buy Immutable X now
Huobi
Start Your Cryptocurrency Journey Today. Huobi Global has a variety of features that make it an ideal place to buy and sell digital asset.
The cryptocurrency market is recovering from yesterday’s slump, with most coins now trading in the green zone.
IMX, the native coin of the Immutable X blockchain, is down by more than 1% in the last 24 hours. The coin has been underperforming despite positive news coming out from the community a few hours ago.
The Immutable X team announced a few hours ago that the GameStop NFT marketplace is officially live on its network.
We’re excited to share that the @GameStopNFT Marketplace is officially live on ImmutableX!
Powered by @StarkWareLtd and advancing the next generation of web3 games #onIMX 🅧 https://t.co/Dx2zLZKpab pic.twitter.com/4cxobxRgOo
— Immutable 🅧 – $IMX (@Immutable) October 31, 2022
GameStop is one of the leading gaming companies in the world and the decision to launch its NFT marketplace on Immutable X is a huge one for the ecosystem. However, IMX is yet to rally following this announcement.
IMX’s underperformance comes as the broader crypto market slowly recovers from its recent slump. The total cryptocurrency market cap remains above $1 trillion, up by less than 1% in the last 24 hours.
Bitcoin, the world’s number one cryptocurrency, is still trading above the $20k psychological level despite losing less than 1% of its value today. Ether is also trading above $1,500 and is up by less than 1% in the last 24 hours.
Key levels to watch
The IMX/USD 4-hour chart is turning bearish as Immutable X has been underperforming over the last 24 hours. The technical indicators show that IMX is underperforming against the broader crypto market today.
The MACD line is spiralling toward the negative zone, indicating that the bears are taking control of the IMX market. The 14-day RSI of 44 also shows that IMX could enter the oversold region if the selling pressure increases.
At press time, IMX is trading at $0.5955 per coin. However, if the bearish trend increases, IMX could drop below the first major support level at $0.5295.
The bullish nature of the broader market and the GameStop news could push IMX higher in the near term. If that happens, IMX could move toward the $0.681 resistance level for the first time in nearly a month.
Where to buy Immutable X now
Huobi
Start Your Cryptocurrency Journey Today. Huobi Global has a variety of features that make it an ideal place to buy and sell digital asset.
Immutable X partnered with Nifty Gateway a few hours ago, but that hasn’t been enough to push IMX higher in the short term.
IMX, the native coin of the Immutable X network, is down by more than 6% in the last 24 hours. The poor performance comes despite Immutable X announcing a major partnership.
The Immutable X team announced a few hours ago that it had partnered with Nifty Gateway, an all-in-one platform that empowers users to buy, sell, and store digital art and collectibles.
Welcome @niftygateway to the IMX family!
We are partnering with Nifty Gateway to be the first chain added outside of ETH to offer a premium and frictionless trading experience to the web3 gaming space #onIMX
Here is to onboarding the next billion people
pic.twitter.com/UMeLmiaoyA
— Immutable 🅧 – $IMX (@Immutable) October 18, 2022
This latest cryptocurrency news means that Nifty Gateway is the first chain added outside of Ethereum that offers a premium and frictionless trading experience to the web3 gaming space on the Immutable X network.
IMX’s poor performance also comes as the broader cryptocurrency market losses some of the gains it had accumulated earlier this week.
The broader market has lost more than 1% of its value today, with the total crypto market cap now at $925 billion.
Bitcoin is down by more than 2% in the last2 4 hours and is now trading at around $19,200 per coin.
Key levels to watch
The IMX/USD 4-hour chart is bearish, as Immutable X has been underperforming over the last 24 hours.
The MACD line has been below the neutral zone for more than a month now, indicating that the bears have been in control for a while.
The 14-day relative strength index of 30 shows that IMX could soon enter the oversold region.
At press time, IMX is trading at $0.594 per coin. If the bearish trend continues, IMX could drop below the first major support level at $0.5492 before the end of the day.
With the broader market in a bearish state, IMX could record further losses over the coming hours and likely drop below the $0.515 support level for the first time in months.
Where to buy now
Huobi
Start Your Cryptocurrency Journey Today. Huobi Global has a variety of features that make it an ideal place to buy and sell digital asset.
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