Key takeaways
- IMX is down 8.8% within the final 24 hours and briefly dropped beneath $0.70.
- The coin might surge previous the $0.80 resistance stage quickly if the market restoration persists.
IMX dips beneath $0.70 regardless of Immutable launching its cellular gaming division
IMX, the native coin of the Immutable ecosystem, has misplaced almost 10% of its worth over the weekend. The coin was buying and selling round $0.90 on Friday however has since dropped and now trades round $0.7100 per coin.
The coin briefly dropped beneath $0.70 on Monday after the flash dump that noticed Bitcoin dip beneath $112k. Nonetheless, it has barely recovered and now trades round $0.71 per coin.
IMX’s bearish efficiency comes regardless of Immutable launching its cellular gaming division. The Immutable crew introduced this newest improvement on Friday, including that the division will goal mainstream customers on cellular with new development merchandise, experience, and investments.
🚨 ANNOUNCEMENT 🚨
At the moment, we’re launching the Immutable Cell Gaming Division.
A specialist taskforce to focus on mainstream customers on cellular with new development merchandise, experience, and investments.
Why?
As a result of over 50% of mainstream players play on cellular, producing +$121B in… pic.twitter.com/7vvFw4wFNZ
— Immutable (@Immutable) September 19, 2025
Moreover, Web3 video games on the Immutable blockchain can now hyperlink to exterior crypto funds with out incurring a 30% charge.
IMX targets $0.80 amid bearish worth motion
The IMX/USDT 4-hour chart is bearish and environment friendly due to the coin underperforming over the weekend. The technical indicators have additionally switched bearish as sellers dominate the market.
The MACD strains are about to crossover into the detrimental territory, suggesting a change to bearish worth motion. The RSI of 48 means it’s beneath the impartial 50, indicating that sellers are in management.
If the bearish pattern continues, IMX might drop to the $0.614 help stage within the close to time period. Nonetheless, the help stage at $0.690 is presently holding robust.
On the flip facet, if the market embarks on a robust restoration, IMX might goal the primary main resistance stage at $0.867. An prolonged bullish run would permit IMX to surpass final week’s excessive of $0.97.