{"id":2337,"date":"2025-06-06T17:56:48","date_gmt":"2025-06-06T17:56:48","guid":{"rendered":"https:\/\/bitunikey.com\/news\/immutable-price-drops-even-as-guild-of-guardians-nft-sales-jump\/"},"modified":"2025-06-06T17:56:49","modified_gmt":"2025-06-06T17:56:49","slug":"immutable-price-drops-even-as-guild-of-guardians-nft-sales-jump","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/immutable-price-drops-even-as-guild-of-guardians-nft-sales-jump\/","title":{"rendered":"Immutable price drops even as Guild of Guardians NFT sales jump"},"content":{"rendered":"
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Immutable token retreated this week as market participants reacted to the broader crypto market crash. It also dropped despite welcoming a popular game to its platform and a surge in Guild of Guardians NFT sales.<\/p>\n

Immutable (IMX) fell to $0.495 on Friday, down 36% from its May peak and 86% from its high last year. The sharp decline has dragged its market capitalization from $4.6 billion in September to $958 million.<\/p>\n

The decline came even after developers announced that Legends of Elumia<\/em> had migrated to the Immutable network from Ronin. This is notable, as Legends<\/em> is a fast-growing title acquired by Triumph Games in April and boasts thousands<\/a> of monthly active players.\u00a0<\/p>\n

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Legends of Elumia is now available on PC and Mobile.<\/p>\n

A fantasy MMORPG with hand-crafted Hero NFTs, an onchain economy, and more.@PlayElumia<\/a> is powered by Immutable. pic.twitter.com\/u9al46uC78<\/a><\/p>\n

\u2014 Immutable (@Immutable) June 4, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n

Meanwhile, Immutable\u2019s NFT activity showed notable strength this week. Data indicates that Guild of Guardians Heroes<\/em> generated $8.89 million in sales, a 61% increase from the same period last week. Guild of Guardians Avatars<\/em> sales rose by 64% to $4.2 million. In total, Immutable processed $13.7 million in NFT sales this week, up 69% from the previous period.<\/p>\n

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The next key catalyst for the IMX token is a major unlock scheduled for June 13. It will release 24.52 million tokens, valued at over $12.7 million. Fortunately for investors, IMX unlocks will conclude in October, transitioning the token into a deflationary asset.<\/p>\n

Immutable price technical analysis<\/h2>\n
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IMX price chart | Source: crypto.news<\/figcaption><\/figure>\n

The daily chart shows that the IMX price peaked at $0.8100 in May as most cryptocurrencies rallied. It then pulled back to $0.50, its lowest point since May 8.\u00a0<\/p>\n

IMX has since dropped below its 50-day Exponential Moving Average, while both lines of the MACD have crossed below the zero line. The Relative Strength Index has also tilted downward and is approaching oversold territory.<\/p>\n

Given these signals, the token will likely continue falling as sellers target key support at $0.3458, its year-to-date low. A drop to this level would complete a double-bottom pattern, which could signal a rebound back to the neckline at $0.8100. However, a decisive move below that support would invalidate the bullish setup.<\/p>\n

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