Immutable (IMX) Volume Spikes 292%, Can the Price Follow Suit?

By: bitcoin ethereum news|2025/05/03 07:15:01

Immutable is trading near $0.6360 after gaining 11%. IMX’s daily trading volume has skyrocketed by 292%. The crypto market cap has reached $3.01 trillion, sending mixed sentiments with the assets oscillating between gains and losses. Bitcoin holds steady at $96.8K, while Ethereum is traded at $1.8K. Notably, Immutable (IMX) jumped more than 11%, landing in the number one gainer position. In the early hours, IMX kicked off trading at a low of $0.5699. After the bulls came into control, the price rose to a high range of $0.6748. At the time of writing, Immutable trades at $0.6360 with its market cap of $1.15 billion. Moreover, the market has witnessed the liquidation of $409.72K worth of Immutable during this period, as per Coinglass data. The daily trading volume has increased by 292%, reaching $164 million. What is Next for Immutable After Its Breakout? Immutable has entered a bullish phase, with the asset to test the immediate resistance at $0.6560. As the bulls turned the tide against the bears, the price might jump to the $0.67 resistance. The upward trajectory could trigger IMX to continue gaining. Assuming the bullish momentum is fading and the asset tries to find its initial support at the range of $0.63. An extended downside correction could invite the death cross, sending the Immutable price toward its former low at the $0.60 mark. The Moving Average Convergence Divergence (MACD) line has crossed over the signal line. This bullish crossover indicates the active uptrend. Besides, IMX’s Chaikin Money Flow (CMF) indicator at 0.13 suggests positive money inflow into the asset and moderate buying pressure. In addition, the Bull Bear Power (BBP) reading at 0.084 implies that bulls have a slight strength within the market. Immutable’s daily relative strength index (RSI) resting at 63.72 signals the bullish momentum, which might be nearing the overbought zone. Highlighted Crypto News Litecoin (LTC) on the Move: Is a Major Bull Run Brewing? Source: https://thenewscrypto.com/immutable-imx-volume-spikes-292-can-the-price-follow-suit/

-- Price

Morgan Stanley's chief equity strategist Wilson pointed out that the momentum in the semiconductor sector is waning, with the Philadelphia Semiconductor Index having dropped nearly 14% from its peak. Funds are shifting towards AI supercomputing giants like Microsoft, Amazon, and Meta, as well as sec...

Morning Report | Vitalik outlines Ethereum's long-term roadmap, Lean Ethereum will become the third major iteration; SK Hynix seeks to attract more AI investors by listing in the U.S

July 5 Market Important Events Overview

Trump, the best stock trader among U.S. presidents

Trump has almost turned the presidency into a business and maximized the conversion of presidential influence into commercial profits.

From ByteDance to Financial Freedom: How did "Byte Brother" Leto develop his investment judgment skills to achieve a turnaround of 30 million?

Speak with data and signals, validate judgments with A/B tests, and seek asymmetric returns with limited risk exposure.

Selling coins despite a loss of 55 million dollars, the faith in Strategy has reached the interest payment date

The moment faith was securitized, Bitcoin became a bill.

OUSD False Cooperation Controversy? The Credit Game of Stablecoins and Endorsements by Giants

The success of stablecoins does not rely on rallying a group of alliance members for marketing, but rather on whether they have real use cases and genuine users.

Q-Day Countdown: Will Quantum Computing End Cryptocurrency?

In the face of dormant coins being plundered by quantum computing power, should we firmly uphold the unalterable bottom line of "code is law," or should we enforce a soft fork to freeze legacy assets?

The ten years of Cloud on the Air: From corner coffee to global financial infrastructure

How did a remittance company grow into a financial infrastructure that can replace SWIFT; when it really reaches this scale, how should stablecoins be positioned for it; and what can AI integrate into this infrastructure?

$10,000 in TRUMP Token vs. $10,000 in Nasdaq: The "Trump Trade" That Actually Worked in 2026

TRUMP Token lost more than 96% after its launch, while Nasdaq stocks and NVIDIA delivered strong gains. Compare what happened to a $10,000 investment and explore why asset fundamentals matter more than market hype.

The impact of OUSD on Circle, Tether, and Paxos: not a single negative factor, but a more complex reshaping of competition

OUSD will not be the last new competitor; Circle needs to respond more actively in terms of products, distribution, and ecosystem collaboration.

Li Feifei's latest long article: When video generation, robots, and NVIDIA all claim to be world models, we need a taxonomy

Language gives machines a way to talk about the world. The world model is the means by which machines ultimately understand, imagine, reason, and interact with it.

Blaming the desolation of the cryptocurrency world on the rise of AI is a form of intellectual laziness

The emergence of giants signifies a mature business model. Although it will reduce speculative space, there is also enough room for error, allowing for the continuous emergence of new forces.

Strategy Founder: The Next 10 Years of Bitcoin

In the next decade, the biggest evolution of Bitcoin is precisely "responding to change with invariance." The four-year cycle is giving way to capital flows such as ETFs, corporate and sovereign reserves, and bank credit, while digital credit and digital currency will grow layer upon layer on top of...

Forbes Special Report: Stablecoin cross-border payments are faster now, but not cheaper yet

Cross-border payments using stablecoins are rapidly expanding, bringing speed and accessibility, but due to insufficient institutional liquidity, they have not yet delivered on their promised cost savings. The technology has been validated, and regulations are improving, but the industry has not yet...

A valuation of 8 billion dollars, doubling in 8 months! What makes the crypto-friendly bank Erebor Bank stand out?

Erebor is a high-profile experiment taking place at the intersection of banking, cryptocurrency, and industrial policy.

340 billion valuation: Li Yanhong's largest IPO, a seat in Kunlunxin's shares is hard to come by

As a core asset in Baidu's AI landscape, Kunlun Chip is expected to exceed Baidu's market value after going public, becoming an important bargaining chip in its turnaround battle.

Stablecoins are the "royalists" of the crypto world: Open USD brings the old currency system into play

The emergence of Open USD has shifted the competition for stablecoins from the market struggle of crypto startups to a battle for infrastructure involving traditional finance, payment networks, technology platforms, and public chain ecosystems.

The cryptocurrency industry has become a traditional industry

For entrepreneurs and retail investors still in this industry, they should either embrace the current changes or explore the next unpredictable field in cryptocurrency.

Chip frenzy cooling down? Morgan Stanley's Wilson: Funds are shifting towards AI supercomputing giants like Microsoft and Amazon