Immutable X reverses recovery gains – What now? What’s next | Crypto Push

Immutable X reverses recovery gains – What now?

What’s next for IMX price action?
The red area of $0.681 – $0.705 was a bullish order block (OB) aligned with the July range low before it was flipped to a resistance. The extended price reversal also flipped $0.62 and the 50-EMA (Exponential Moving Average) into hurdles.

Positive weighted sentiment dropped
The massive rally on 21 September was followed by an uptick in positive weighted sentiment that graced March levels.