$IMX has been one of the cleaner bounces off the August lows. It bottomed around 9.5 cents and just ran up toward 20 before cooling off a bit around 17.
Technically it looks alright. Price is sitting above the 7, 30 and 200 day MAs, RSI is strong but not blown out yet, and MACD has flipped back to the bullish side. Volume actually showed up on the push, which is more than you can say for a lot of these dead cat moves.
Doesn’t feel like there was one huge catalyst today. More like a technical breakout plus some money rotating into alts / gaming names. The project itself has cleaned a few things up over the last year (chain merger, SEC thing closed), but that was already known.
Still 98% off the old highs so nobody should get carried away. Watch whether it holds the 16 cent area. Lose that and it probably just fades back into the range. Hold it and 20 becomes the next obvious test.
$GRASS just ripped 28% today, breaking out to $0.5599 after basically going sideways for a month.
Chart's pretty clear about what happened price was chopping around $0.26-$0.37 for weeks, then today's candle just blew through everything. All three moving averages are now stacked below price, which is the setup you want to see for a real trend change.
RSI is sitting at 81.8 though, so this is stretched. Not saying it can't keep going, but chasing green candles at 80+ RSI has burned people before. MACD just turned positive too, which lines up with the move.
Volume looks like it actually backed this up, not just a low-liquidity wick. That matters breakouts on no volume tend to fade fast.
$XPL is showing strong short term momentum but it’s now testing an important resistance zone around $0.10.
Price is trading around $0.1001 and has reclaimed the MA200 while staying above the MA7 and MA30. The MA7 has also crossed back above the MA30 which supports the short term bullish structure.
RSI is around 59 and MACD has turned positive, so momentum is improving. But there’s one thing I’m watching closely: volume.
The recent move is strong but volume is still much lower than the spike we saw around the August 20 high. That makes this look more like a range recovery than a confirmed breakout for now.
Key levels:
Resistance: $0.100–$0.105 Major resistance: $0.1116
Support: $0.093–$0.094 Next support: $0.086–$0.088 Major range support: $0.072
A daily close above $0.105 with strong volume could open the way toward $0.1116.
If price gets rejected here a pullback toward $0.093–$0.095 would not be surprising.
For now I’m watching how XPL reacts around $0.10 rather than chasing the move after a 15% daily rally.