Immutable (IMX) Skyrockets 18% as Traders Target 7-Month Peak

Gaming token rockets past resistance as traders chase momentum plays.

The Surge

IMX bulls smashed through key technical levels, pushing the asset toward heights not seen since February. Volume spiked 40% as derivatives traders piled into long positions.

Market Mechanics

Short squeezes amplified the move, liquidating over $15 million in bearish bets. Options activity surged around the $2.50 strike price—now looking increasingly likely to trigger.

Broader Context

While traditional finance debates rate cuts, crypto markets keep printing their own stimulus packages. Another reminder that in digital assets, the only fundamentals that matter are liquidity and leverage—until they don't.

IMX Price Surge Explained: Network Activity, Resistance Levels & Future Outlook

Network Activity Actually Fuels This IMX Price Surge

The IMX price surge has been correlating directly with rising Immutable X network activity, which is pretty significant. Daily active addresses were recorded at a five-month peak of 1,197 on September 18, and this is supporting the token’s upward move. This surge in Immutable X network activity indicates genuine utility growth is happening, rather than just pure speculation driving the current IMX price surge.

Technical Signals Show IMX Bullish Momentum Right Now

Technical indicators are confirming the IMX bullish momentum that’s behind this rally. The MACD is showing the signal line below the main line, along with expanding green histogram bars, which suggests sustained buying pressure is building up. This technical setup actually supports the IMX price prediction models that are targeting the IMX 7-month high resistance level.

IMX Price Prediction Eyes Key Resistance Ahead

Market analysts tracking this IMX price surge focus on the $1.075 resistance level – that’s the IMX 7-month high.. The current IMX bullish momentum could actually push prices through this critical level, while support is remaining NEAR $0.798. If Immutable X network activity keeps growing like this, the IMX price prediction models are suggesting further upside potential could be seen.

The combination of rising network usage and strong technical signals is positioning IMX for potential continuation of this rally toward multi-month highs right now.