The market is a bloodbath, but $IMX bucked the trend today, gaining +3.8%. It’s currently at $0.124, after reaching an intraday high of $0.131.
But don’t get carried away just yet: the 30-day candlestick chart tells the story. It slid steadily from $0.199 on October 11 to around $0.12, losing nearly 40% in 30 days. Today’s bullish candle is just a breather after being deeply oversold—not a reversal signal.
The GameFi narrative is still alive, but a lot of investors are trapped in the $0.13–$0.14 range. If you’re looking to buy the dip, wait until it holds above $0.131 first. If you already hold it, this rebound is a chance to trim your position, not a reason to add more.
#Immutable #GameFi
But don’t get carried away just yet: the 30-day candlestick chart tells the story. It slid steadily from $0.199 on October 11 to around $0.12, losing nearly 40% in 30 days. Today’s bullish candle is just a breather after being deeply oversold—not a reversal signal.
The GameFi narrative is still alive, but a lot of investors are trapped in the $0.13–$0.14 range. If you’re looking to buy the dip, wait until it holds above $0.131 first. If you already hold it, this rebound is a chance to trim your position, not a reason to add more.
#Immutable #GameFi
