Immutable (IMX), Kaspa (KAS), and Sei (SEI) have seen a surge upwards in the positive direction within a week due to optimism on the crypto market occasioned by the rally that Bitcoin has had to $51K. Nonetheless, the bullish momentum has weakened as profit-taking and market corrections set in.
Consequently, Immutable (IMX) fell in the last 24 hours after failing to surpass the resistance established at an intra-day peak of $3.04. Consequently, IMX hit an intra-day low of $2.85, which support held before slightly recovering to $2.99.
If the bullish trend manages to break the resistance level, the next level to keep an eye on is $3.15. However, if bearish sentiment takes over, IMX could drop below the support level of $2.85 and test lower levels of support.
However, during the recovery, IMX’s market capital…
The post Will SEI and IMX Maintain Bullish Momentum Amidst KAS’s Dip? appeared first on Coin Edition.
Immutable (IMX), Kaspa (KAS), and Sei (SEI) have seen a surge upwards in the positive direction within a week due to optimism on the crypto market occasioned by the rally that Bitcoin has had to $51K. Nonetheless, the bullish momentum has weakened as profit-taking and market corrections set in.
Consequently, Immutable (IMX) fell in the last 24 hours after failing to surpass the resistance established at an intra-day peak of $3.04. Consequently, IMX hit an intra-day low of $2.85, which support held before slightly recovering to $2.99.
If the bullish trend manages to break the resistance level, the next level to keep an eye on is $3.15. However, if bearish sentiment takes over, IMX could drop below the support level of $2.85 and test lower levels of support.
However, during the recovery, IMX’s market capital…
The post Will SEI and IMX Maintain Bullish Momentum Amidst KAS’s Dip? appeared first on Coin Edition.