Immutable (IMX) Falls 0.01%, Underperforms the Crypto Market Sunday

Sunday, December 31, 2023 08:46 AM | InvestorsObserver Analysts

Immutable (IMX) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Sunday, the crypto has declined 0.85% to $2.23.

InvestorsObserver is giving Immutable a 53 Volatility Rank. Find out what this means to you and get the rest of the rankings on Immutable!

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Moderately Volatile

InvestorsObserver gives Immutable a moderate volatility rank of 53, placing it in the top 47% of cryptos on the market.

The Volatility Gauge analyzes this makes its score defined by recent trends, rather than a bad day. IMX's moderate volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning that the token has moderate price swings and is well protected from price manipulation.

Immutable price is well positioned going forward. With support near $2.16 and resistance at $2.32. This positions Immutable with room to run before facing selling pressures.