IMXUSDT — On the Edge of a Major Reversal: Accumulation or Trap?After a prolonged downtrend since 2022, Immutable X (IMX) is once again testing the critical accumulation zone between 0.48 – 0.38 USDT — a price area that has repeatedly acted as a major turning point in the past.
This yellow demand block now represents the last stronghold of buyers, where every dip has historically triggered strong rebounds marked by long lower wicks — a clear sign of buying absorption and smart money activity.
For now, IMX remains trapped within a large consolidation range, capped by resistance around 0.75 USDT.
Whether the price breaks out or breaks down from this range will likely determine IMX’s trajectory for the months ahead.
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Pattern & Structural Analysis
Primary trend: Long-term bearish, but currently showing signs of potential base formation.
Demand Zone (Yellow Block): 0.48 – 0.38 USDT, acting as the main accumulation area.
Key Resistance: 0.75 USDT — a breakout above this level could mark the start of a trend reversal.
Long Lower Wicks: Indicate liquidity sweeps and strong absorption by buyers.
Market Structure: Sideways range — a transitional phase between distribution and potential accumulation.
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Bullish Scenario (Reversal Setup)
A decisive close above 0.75 USDT, backed by increasing volume, would confirm the start of a new bullish phase.
First upside target sits at 1.14 USDT, followed by 2.35 USDT — a major macro resistance zone.
The structure would shift from range-bound to higher highs and higher lows, signaling clear bullish control.
Confirmation trigger: Formation of a higher low above 0.65 after breakout — indicating sustainable momentum.
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Bearish Scenario (Breakdown from Accumulation Zone)
If price closes below 0.38 USDT on the 6D timeframe, it would invalidate the current accumulation range.
This breakdown could lead IMX to revisit 0.21 – 0.25 USDT, aligning with previous historical lows.
Such a move would confirm a capitulation phase before any major reversal takes place.
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Psychological & Macro Perspective
IMX is likely in its “disbelief zone” — the phase where the majority lose interest, yet smart money quietly begins accumulation.
The reaction inside the 0.48 – 0.38 USDT demand zone will determine the next macro direction:
either the beginning of a long-term reversal, or the final flush before true recovery.
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Conclusion
The 0.48 – 0.38 USDT zone is a decisive battleground between bulls and bears.
As long as IMX holds above this block, the reversal potential remains alive.
A confirmed breakout above 0.75 USDT could trigger a multi-month rally.
However, a breakdown below 0.38 would likely lead to another bearish leg toward 0.21 USDT.
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