Monday, February 6, 2023
    HomeMarketImmutable X's new trading reward design could push IMX past $0.50 soon

    Immutable X’s new trading reward design could push IMX past $0.50 soon


    • Immutable X has launched a brand new Buying and selling Rewards design.

    • IMX has added 5% to its worth right this moment and will rally greater over the subsequent few hours.

    • The whole crypto market cap might be heading towards $880 billion quickly.

    Immutable X launches its new buying and selling reward design

    Immutable X introduced a couple of hours in the past that it has a brand new and improved buying and selling rewards design. The group defined that the Buying and selling Rewards will now characteristic a points-based rewards system the place merchants will earn factors primarily based on their day by day buying and selling quantity that shall be transformed into.

    This latest cryptocurrency news has seen IMX, the native token of the Immutable X community, surge by greater than 5%. At press time, the price of Immutable X stands at $0.4441 and will rally towards the $0.50 resistance stage quickly.

    The broader crypto market has additionally been performing nicely over the past 48 hours. The whole cryptocurrency market cap stands at $871 billion, up by greater than 2% thus far right this moment.

    Bitcoin is eyeing the $1,800 resistance stage after surging by 3.5% right this moment, and Ether has already topped the $1,300 psychological stage.

    Key ranges to look at

    The IMX/USD 4-hour chart is about to show bullish, as Immutable X has been performing nicely over the previous few days. The technical indicators present that IMX is within the management of bulls in the meanwhile.

    The MACD line is near crossing right into a optimistic zone and will accomplish that quickly because the market momentum builds up. The 14-day RSI of 68 additionally reveals that IMX may quickly enter the overbought area.

    If the rally continues, IMX may transfer previous the primary main resistance stage at $0.50 earlier than the tip of the day. With the help of the broader cryptocurrency market, IMX may try to succeed in the $0.592 resistance stage for the primary time in three weeks. 

    The place to purchase Immutable X now


    Begin Your Cryptocurrency Journey Right this moment. Huobi World has quite a lot of options that make it a great place to purchase and promote digital asset.

    Buy IMX with Huobi today

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