IMX Charges Toward $1 as NFT Market Ignites—Here’s What’s Fueling the Fire

Immutable’s IMX token is riding the NFT resurgence wave, with its price trajectory eyeing the psychologically critical $1 mark. Behind the surge? A perfect storm of platform upgrades, speculative frenzy, and—let’s be honest—traders chasing the next dopamine hit from digital collectibles.

Key drivers include IMX’s recent integration with major gaming studios, Ethereum layer-2 scaling wins, and that age-old crypto catalyst: FOMO meets liquidity. Meanwhile, institutional players quietly accumulate positions—because nothing says ’Web3 adoption’ like hedge funds front-running retail yet again.

Will it hold? That depends on whether NFT volumes sustain beyond this week’s flavor-of-the-month hype cycle. Either way, IMX’s rally proves one immutable truth: in crypto, narratives move faster than blockchains.

IMX breaks out, but that isn’t all

IMX has broken through a resistance line to the upside, leading to its rally in the past 24 hours.

Market analysis shows that this breakout is likely the first step toward a much larger rally, as IMX trades within a cup-and-handle pattern.

Typically, an asset trading within this pattern experiences a rally that mirrors its previous downside movement.

Source: TradingView

Following this, IMX could see a 68% rally to the upside, reclaiming its $1.064 level. A rally to this level could signal a broader market rally as the overall market gains strength.

Why will a rally happen?

The potential for an IMX rally has intensified due to the high liquidity Flow into the market.

AMBCrypto confirmed this based on the Money Flow Index (MFI), which has remained in the positive zone (50-80), with a press time reading of 72.82.

A reading this high confirmed that liquidity flow into IMX remained strong, adding to the potential for a further rally.

Source: TradingView

It’s important to note that when the MFI reaches 80, it indicates that IMX is overbought, and a price correction is likely imminent.

Additionally, the Aroon line indicators remained positive, with the Aroon Up line (orange) staying above the Aroon Down line (blue).

The Aroon Up was at 35.71%, while the Aroon Down was at 0.00%. This confirmed that the uptrend was still in place, and the rally remained intact.

Key fundamentals driving liquidity inflow

The liquidity inflow into IMX is linked to the growth of the NFT applications sector, a category that IMX falls under.

According to Artemis, the NFT application sector is now the third-fastest-growing sector, at 47.6%, following the Bitcoin ecosystem and AI sectors.

Source: Artemis

This growth shows renewed investor interest, particularly in assets likely to deliver higher returns, with IMX being a top choice.

Continued growth in this sector suggests that IMX will continue to attract liquidity, adding momentum for a potential rally.