Immutable (IMX) To Rise Higher? This Emerging Bullish Pattern Hints at Upside Move!

CoinsProbe
IMX-8,33%


Key Takeaways

  • Immutable (IMX) is gaining attention as the gaming crypto sector shows renewed strength in both market cap and volume.

  • The weekly chart points to a developing Power of 3 (PO3) structure, often seen near major market bottoms.

  • IMX has completed a long accumulation phase and appears to be stabilizing after a manipulation-driven breakdown.

  • Reclaiming the $0.35 level and the 50-week moving average near $0.53 is crucial to confirm bullish continuation.

  • A breakout above $0.815 could open the door for a larger upside move toward the $1.42 region in the coming months.


In the cryptocurrency market today, gaming tokens are back in the spotlight, with** Immutable (IMX) **drawing increased attention. The overall gaming narrative market cap has climbed by 2.99%, while trading volume has jumped a notable 9.57% over the past 24 hours.

Source: Coinmarketcap

Riding this momentum, IMX is up nearly 7% on the day. More importantly, the higher-timeframe chart is beginning to reveal a larger technical structure that could be setting the stage for a meaningful upside move in the weeks ahead.

Source: Coinmarketcap

Weekly Chart Signals a Bullish Move

From a technical perspective, the weekly **IMX **chart suggests the formation of a classic Power of 3 (PO3) structure — a pattern often seen near major market bottoms and trend transitions. This setup typically unfolds in three phases: accumulation, manipulation, and expansion, with the strongest price move usually emerging once the expansion phase begins.

Accumulation Phase

Between February and November 2025, IMX spent an extended period consolidating within a clearly defined range. Price action remained capped near the $0.815 resistance zone, while buyers consistently defended the $0.35 support area. This prolonged sideways movement reflects steady accumulation, where long-term participants quietly build positions while volatility remains compressed.

Manipulation Phase

During the broader market downturn in November 2025, IMX broke decisively below the $0.35 accumulation support, sliding toward a local low around $0.2031. This sharp breakdown, highlighted on the chart by the lower shaded zone, aligns well with the manipulation phase of the Power of 3 pattern.

Immutable (IMX) Weekly Chart/Coinsprobe (Source: Tradingview)

At this stage, stop losses are triggered, sentiment turns bearish, and weaker hands are forced out of the market. Notably, selling pressure has started to fade near this region, with IMX now trading around $0.2928 — an early sign that downside momentum may be losing steam.

What Comes Next for IMX?

Currently, IMX remains in the lower portion of the manipulation phase, trading just below the crucial $0.35 level. This zone is particularly important, as it previously acted as strong accumulation support and now serves as a key decision area.

For bullish momentum to gain credibility, IMX must first reclaim $0.35 and then push above the 50-week moving average, which sits near $0.5277. A sustained move above these levels would strongly suggest a transition into the expansion phase of the Power of 3 structure, where upside momentum typically accelerates.

If price manages to break and hold above the $0.815 resistance, the longer-term chart projection opens the door toward the $1.42 region in the coming months — a level that aligns with prior structural targets on the weekly timeframe.

That said, the setup remains conditional. As long as IMX trades below $0.35, downside risks cannot be completely ruled out, and price may continue to experience volatility. Holding current lows and reclaiming key resistance zones will be critical for bulls to confirm a broader trend reversal.

Bottom Line

While Immutable (IMX) has already posted a strong short-term bounce, the bigger story lies in its higher-timeframe structure. The ongoing stabilization near cycle lows, combined with a developing Power of 3 pattern, suggests that IMX could be preparing for a larger move — provided key levels are reclaimed. For now, patience is warranted, but the chart hints that the worst of the downside may already be behind.

Frequently Asked Questions (FAQ)

Is Immutable (IMX) bullish right now?

IMX is showing early signs of stabilization after a deep correction. While it is not fully bullish yet, reclaiming $0.35 and the 50-week moving average would significantly strengthen the bullish case.

What is the Power of 3 pattern in crypto trading?

The Power of 3 (PO3) is a market structure consisting of accumulation, manipulation, and expansion phases. It is often seen near major bottoms before strong trend reversals.


Disclaimer: The views and analysis presented in this article are for informational purposes only and reflect the author’s perspective, not financial advice. Technical patterns and indicators discussed are subject to market volatility and may or may not yield the anticipated results. Investors are advised to exercise caution, conduct independent research, and make decisions aligned with their individual risk tolerance.


About Author: Nilesh Hembade is the Founder and Lead Author of Coinsprobe, with over 5 years of experience in the cryptocurrency and blockchain industry. Since launching Coinsprobe in 2023, he has been providing daily, research-driven insights through in-depth market analysis, on-chain data, and technical research.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Algorand Foundation lays off 25% of its staff, ALGO price drops 6% to $0.09

Algorand Foundation announces 25% workforce reduction to address economic uncertainty and market weakness, causing ALGO token price to decline approximately 6%, now trading around $0.09. Despite the staff reduction, network activity remains stable, with quarterly transaction volume growing 4.7%. This restructuring aims to optimize resources and ensure long-term sustainability. Overall, it reflects the pressure and adaptation trends in the crypto market.

GateNews12m ago

Bitcoin Holds Strong at $70,000! On-Chain Data Reveals "Collective Selling Wave," Retail Investors Emerge as Biggest Selling Pressure

Against the backdrop of Middle East geopolitical tensions, Bitcoin has faced a comprehensive sell-off with nearly all coin holders turning to net selling, most notably among retail investors. According to Glassnode data, the cumulative trend score has dropped to 0.04, indicating heavy selling pressure in the market. Small-cap holders and mid-sized investors are showing significant selling intensity, while whales, though reducing their holdings, are doing so at a lower rate. Despite the dismal data, Bitcoin continues to demonstrate resilience against declines.

区块客26m ago

CryptoQuant: Bitcoin and Gold Correlation Falls to Nearly 4-Year Low, Showing Clear Divergence in Trends

The correlation between Bitcoin and gold has fallen to its lowest level since November 2022, showing a clear divergence in their trajectories. Despite Bitcoin's recent rebound to $70,000, bearish pressure is intensifying, and investors need to monitor key support levels and gold price movements to gauge market direction.

GateNews38m ago

XRP breaks through $1.5 neckline, key EMA resistance determines short-term trend, potential to test $2

XRP recently broke through the $1.5 resistance level, creating a new closing high. Analysts point out that the short-term support level is at $1.5, which needs to hold to continue the uptrend. If this level breaks, the $1.42 support can be referenced as an alternative. A breakout above three EMAs is needed to confirm a bullish reversal. Market participants should pay attention to price movement and changes in technical indicators.

GateNews52m ago

Hyperliquid Price Jumps 22% as Commodity Trading Hits Record

Key Insights: Hyperliquid surged over 20% weekly, driven by record commodity futures trading volumes, especially oil and silver contracts, gaining strong traction among traders. Whale activity surpassed $3.6 billion in leveraged positions, boosting liquidity and reinforcing upward momentum a

CryptoFrontNews56m ago

Bitcoin Falls Below $70,000: PPI Exceeds Expectations + Powell's Hawkish Stance, Rate Cut Expectations Dampened

On March 19, Bitcoin pulled back to a key support zone due to unexpected U.S. inflation data and hawkish signals from Federal Reserve Chair Powell, declining over 4.6% and currently trading near $70,800. Market expectations for rate cuts have cooled, with the total crypto market cap declining to approximately $2.51 trillion and sentiment remaining cautious. If Bitcoin breaks below $70,000, it could potentially decline further to $65,000. Market momentum is highly dependent on macroeconomic factors.

GateNews1h ago
Comment
0/400
No comments