{"id":6467,"date":"2025-08-01T08:22:59","date_gmt":"2025-08-01T08:22:59","guid":{"rendered":"https:\/\/bitunikey.com\/news\/will-imx-price-withstand-the-upcoming-1-3-token-unlock\/"},"modified":"2025-08-01T08:23:04","modified_gmt":"2025-08-01T08:23:04","slug":"will-imx-price-withstand-the-upcoming-1-3-token-unlock","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/will-imx-price-withstand-the-upcoming-1-3-token-unlock\/","title":{"rendered":"Will IMX price withstand the upcoming 1.3% token unlock?"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">IMX price faces the risk of dropping to the key $0.35 support level as the upcoming token unlock adds pressure to an already bearish technical setup.<\/p>\n<div id=\"cn-block-summary-block_a4bc4de364e9a7eadf8c194632f50a90\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>IMX price has pulled back 25% from its July high, breaching the 20-day EMA and nearing the 50-day SMA support.<\/li>\n<li>A descending triangle pattern with $0.35 support increases the risk of further bearish breakdown, especially with the August 8 token unlock releasing 24.52 million IMX tokens.<\/li>\n<li>Holding $0.35 and breaking above the upper trendline could form a triple bottom and trigger a bullish reversal toward $0.67 and higher.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Immutable (IMX) price continues to tumble after a nearly 100% rally from $0.34 on June 22 to $0.67 on July 19. Since that peak, IMX price has pulled back around 25%, currently trading at $0.51. Importantly, the price has recently breached below the 20-day EMA, signaling a shift in short-term sentiment. The 50-day SMA is now acting as dynamic support, with IMX price still hovering just above it \u2014 though it\u2019s dangerously close to breaching it, too. <\/p>\n<p>More importantly, the price action over the past few months has formed a descending triangle pattern, a structure typically associated with bearish continuation. The triangle is defined by lower highs, forming a downward-sloping resistance trendline, and a horizontal support zone near $0.35, which has already been tested twice. A third approach toward this support level increases the risk of eventual breakdown.<\/p>\n<figure class=\"wp-block-image size-full\"><picture decoding=\"async\" class=\"wp-image-14401869\"><source type=\"image\/webp\" ><\/source><\/p>\n<\/picture><figcaption class=\"wp-element-caption\">Source: <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/chart\/skYOuuO6\/?symbol=BINANCE%3AIMXUSDT\" target=\"_blank\">TradingView<\/a><\/figcaption><\/figure>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">Immutable X price prediction<\/h2>\n<p>The scenario where that support is tested again is further reinforced by the upcoming IMX token unlock, <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/tokenomist.ai\/immutable-x\" target=\"_blank\">scheduled<\/a> for August 8, just under a week from now. During this unlock event, 24.52 million IMX tokens \u2014 equivalent to 1.30% of the circulating supply and valued at approximately $12.39 million \u2014 will be released into the market. While not an unusually large unlock, it adds to near-term supply-side pressure, especially given the already fragile technical setup.<\/p>\n<p>However, if Immutable X price tests the $0.35 support level once again and bounces from it, it would mark the third successful defense of that zone \u2014 effectively forming a triple bottom pattern. If IMX price rallies and breaks above the upper trendline of the descending triangle after that, it could signal a bullish reversal, invalidating the triangle\u2019s bearish bias. Such a breakout would likely attract fresh buying interest, potentially driving the price toward recent highs near $0.67 and beyond.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>IMX price faces the risk of dropping to the key $0.35 support level as the upcoming token unlock adds pressure to an already bearish technical setup. Summary IMX price has&hellip;<\/p>\n","protected":false},"author":1,"featured_media":2338,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-6467","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\/6467","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=6467"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/6467\/revisions"}],"predecessor-version":[{"id":6468,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/6467\/revisions\/6468"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/2338"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=6467"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=6467"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=6467"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}