IMX/USDT Ready for a Bullish Reversal From a Key Support

30 May

💎Attention Paradisers, There’s a vibrant opportunity for a bullish rally as #IMXUSDT is firmly following on the support of an ascending channel. Currently, it’s maintaining its stance at $2.204. With solid support at this level, #IMX is well-positioned to challenge and potentially break through the bearish order block located just above.

💎However, if #Immutable falters and descends below the $2.204 support, it might signal a weakening bullish force, potentially spiraling into a bearish trend. The next critical support zone lies at $1.98, a region known for its vigorous liquidity and history of sparking substantial upward corrections.

💎If IIMX revisits this demand zone, securing a strong rebound is imperative to sustain bullish intentions. A failure here could amplify bearish pressures, sour the market outlook, and push prices to even lower thresholds.

💎Stay alert and adaptive, Paradisers. Your ParadiseTeam is continuously monitoring the market to ensure you’re well-prepared to navigate the dynamics of the #Immutable market.

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