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IMX Token Soars 9.25%, Eyes Key Resistance at $0.1855

Guavy AI Editorial Team
Instruments
IMX NFT MX
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Immutable X's IMX token has seen a significant surge in price, rising by 9.25% as strong buying pressure drives the rally.

The token now trades above major moving averages and is approaching key resistance near $0.1855.

Technical indicators also support the short-term advance but several momentum readings show overbought conditions, which could increase the risk of a near-term pullback.

The latest rally has been driven by stronger NFT activity and continued development across Immutable's gaming ecosystem.

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