Immutable’s IMX token is flashing a bullish double-bottom pattern just as the network overtakes Ethereum in weekly NFT sales—a major milestone in the race for Web3 dominance.
With Immutable’s (IMX) volume topping $34.9 million, driven by hits like Guild of Guardians, the token has rebounded slightly off recent lows. However, declining active wallet engagement and a sharp increase in IMX token supply on exchanges cast shadows over the rally. For now, bulls are eyeing a possible 98% surge toward the pattern’s neckline at $0.8100—if support holds.
Immutable price action
Immutable was trading at $0.419 on Friday, June 27 — above the double-bottom point at $0.3458. It remains 50% below the highest point in May and 90% below last year’s high.
At last check on Saturday, Immutable was trading around $0.415.
CryptoSlam data shows that Immutable has become the biggest player in the NFT space, flipping popular chains like Ethereum (ETH), Solana (SOL), Avalanche (AVAX), and Mythos.
Immutable’s NFT sales rose by 23% in the last seven days to over $34.9 million, while buyers jumped by nearly 20% to 11,080. In contrast, Ethereum’s volume jumped by 33% to $25.8 million.
Immutable’s Guild of Guardians Heroes saw sales jump by 21% to over $20 million. Sales of Guild of Guardians Avatars NFTs rose by 18% to $8.1 million, while Gos Unchained Cards soared by 41% to $6.5 million.
Still, not all parts of Immutable’s ecosystem are doing well. The number of unique active wallets interacting with Immutable’s games dropped by 17% in the last 30 days to 1 million. This drop now makes it
Go to Source to See Full Article
Author: Crispus Nyaga
Tip BTC Newswire with Cryptocurrency
Donate Bitcoin to BTC Newswire
Donate Bitcoin Cash to BTC Newswire
Donate Ethereum to BTC Newswire
Donate Litecoin to BTC Newswire
Donate Monero to BTC Newswire
Donate ZCash to BTC Newswire
