{"id":4378,"date":"2025-06-28T15:11:59","date_gmt":"2025-06-28T15:11:59","guid":{"rendered":"https:\/\/bitunikey.com\/news\/immutable-flips-ethereum-in-nft-volume-can-imxs-double-bottom-hold\/"},"modified":"2025-06-28T15:12:06","modified_gmt":"2025-06-28T15:12:06","slug":"immutable-flips-ethereum-in-nft-volume-can-imxs-double-bottom-hold","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/immutable-flips-ethereum-in-nft-volume-can-imxs-double-bottom-hold\/","title":{"rendered":"Immutable flips Ethereum in NFT volume: Can IMX\u2019s double bottom hold?"},"content":{"rendered":"
\n

Immutable\u2019s IMX token is flashing a bullish double-bottom pattern just as the network overtakes Ethereum in weekly NFT sales\u2014a major milestone in the race for Web3 dominance. <\/p>\n

With Immutable\u2019s (IMX) volume topping $34.9 million, driven by hits like Guild of Guardians<\/em>, the token has rebounded slightly off recent lows. However, declining active wallet engagement and a sharp increase in IMX token supply on exchanges cast shadows over the rally. For now, bulls are eyeing a possible 98% surge toward the pattern\u2019s neckline at $0.8100\u2014if support holds.<\/p>\n

Immutable price action<\/strong><\/h2>\n

Immutable was trading at $0.419 on Friday, June 27 \u2014 above the double-bottom point at $0.3458. It remains 50% below the highest point in May and 90% below last year\u2019s high.\u00a0<\/p>\n

<\/source><\/p>\n<\/picture>
Source: CoinGecko<\/a><\/figcaption><\/figure>\n

At last check on Saturday, Immutable was trading around $0.415. <\/p>\n

CryptoSlam data<\/a> shows that Immutable has become the biggest player in the NFT space, flipping popular chains like Ethereum (ETH), Solana (SOL), Avalanche (AVAX), and Mythos.<\/p>\n

Immutable\u2019s NFT sales rose by 23% in the last seven days to over $34.9 million, while buyers jumped by nearly 20% to 11,080. In contrast, Ethereum\u2019s volume jumped by 33% to $25.8 million.<\/p>\n

<\/p>\n

Immutable\u2019s Guild of Guardians Heroes saw sales jump by 21% to over $20 million. Sales of Guild of Guardians Avatars NFTs rose by 18% to $8.1 million, while Gos Unchained Cards soared by 41% to $6.5 million.\u00a0<\/p>\n

Still, not all parts of Immutable\u2019s ecosystem are doing well. The number of unique active wallets interacting with Immutable\u2019s games dropped by 17% in the last 30 days to 1 million. This drop now makes it the fifth-biggest player in the gaming industry, after Sei, BSC, Skale, and WAX.<\/p>\n

Additionally, the supply of IMX tokens on exchanges has jumped in the past few months. Santiment data indicates that the number of IMX tokens in circulation has increased to 174 million, up from 136 million in March.<\/p>\n

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

The daily chart shows that the IMX price has been in a downtrend in the past few months. It dropped to the important support at $0.3458, its lowest point since April.<\/p>\n

Immutable has formed a double-bottom pattern, a popular bullish reversal sign. This pattern comprises two swings and a neckline, which is at $0.8100.\u00a0<\/p>\n

Therefore, the token will likely bounce back, and possibly retest the neckline at $0.8100, up by 98% above the current level. A drop below the double-bottom point at $0.3458 will invalidate the bullish view.<\/p>\n

<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Immutable\u2019s IMX token is flashing a bullish double-bottom pattern just as the network overtakes Ethereum in weekly NFT sales\u2014a major milestone in the race for Web3 dominance. With Immutable\u2019s (IMX)…<\/p>\n","protected":false},"author":1,"featured_media":4379,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4378","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/4378","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=4378"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/4378\/revisions"}],"predecessor-version":[{"id":4380,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/4378\/revisions\/4380"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/4379"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=4378"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=4378"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=4378"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}