Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
Immutable (IMX) To Rise Higher? This Emerging Bullish Pattern Hints at Upside Move!

Immutable (IMX) To Rise Higher? This Emerging Bullish Pattern Hints at Upside Move!

CoinsprobeCoinsprobe2026/01/17 06:54
By:Coinsprobe

Key Takeaways

  • Immutable (IMX) is gaining attention as the gaming crypto sector shows renewed strength in both market cap and volume.
  • The weekly chart points to a developing Power of 3 (PO3) structure, often seen near major market bottoms.
  • IMX has completed a long accumulation phase and appears to be stabilizing after a manipulation-driven breakdown.
  • Reclaiming the $0.35 level and the 50-week moving average near $0.53 is crucial to confirm bullish continuation.
  • A breakout above $0.815 could open the door for a larger upside move toward the $1.42 region in the coming months.

In the cryptocurrency market today, gaming tokens are back in the spotlight, with Immutable (IMX) drawing increased attention. The overall gaming narrative market cap has climbed by 2.99%, while trading volume has jumped a notable 9.57% over the past 24 hours.

Immutable (IMX) To Rise Higher? This Emerging Bullish Pattern Hints at Upside Move! image 0 Source: Coinmarketcap

Riding this momentum, IMX is up nearly 7% on the day. More importantly, the higher-timeframe chart is beginning to reveal a larger technical structure that could be setting the stage for a meaningful upside move in the weeks ahead.

Immutable (IMX) To Rise Higher? This Emerging Bullish Pattern Hints at Upside Move! image 1 Source: Coinmarketcap

Weekly Chart Signals a Bullish Move

From a technical perspective, the weekly IMX chart suggests the formation of a classic Power of 3 (PO3) structure — a pattern often seen near major market bottoms and trend transitions. This setup typically unfolds in three phases: accumulation, manipulation, and expansion, with the strongest price move usually emerging once the expansion phase begins.

Accumulation Phase

Between February and November 2025, IMX spent an extended period consolidating within a clearly defined range. Price action remained capped near the $0.815 resistance zone, while buyers consistently defended the $0.35 support area. This prolonged sideways movement reflects steady accumulation, where long-term participants quietly build positions while volatility remains compressed.

Manipulation Phase

During the broader market downturn in November 2025, IMX broke decisively below the $0.35 accumulation support, sliding toward a local low around $0.2031. This sharp breakdown, highlighted on the chart by the lower shaded zone, aligns well with the manipulation phase of the Power of 3 pattern.

Immutable (IMX) To Rise Higher? This Emerging Bullish Pattern Hints at Upside Move! image 2 Immutable (IMX) Weekly Chart/Coinsprobe (Source: Tradingview)

At this stage, stop losses are triggered, sentiment turns bearish, and weaker hands are forced out of the market. Notably, selling pressure has started to fade near this region, with IMX now trading around $0.2928 — an early sign that downside momentum may be losing steam.

What Comes Next for IMX?

Currently, IMX remains in the lower portion of the manipulation phase, trading just below the crucial $0.35 level. This zone is particularly important, as it previously acted as strong accumulation support and now serves as a key decision area.

For bullish momentum to gain credibility, IMX must first reclaim $0.35 and then push above the 50-week moving average, which sits near $0.5277. A sustained move above these levels would strongly suggest a transition into the expansion phase of the Power of 3 structure, where upside momentum typically accelerates.

If price manages to break and hold above the $0.815 resistance, the longer-term chart projection opens the door toward the $1.42 region in the coming months — a level that aligns with prior structural targets on the weekly timeframe.

That said, the setup remains conditional. As long as IMX trades below $0.35, downside risks cannot be completely ruled out, and price may continue to experience volatility. Holding current lows and reclaiming key resistance zones will be critical for bulls to confirm a broader trend reversal.

Bottom Line

While Immutable (IMX) has already posted a strong short-term bounce, the bigger story lies in its higher-timeframe structure. The ongoing stabilization near cycle lows, combined with a developing Power of 3 pattern, suggests that IMX could be preparing for a larger move — provided key levels are reclaimed. For now, patience is warranted, but the chart hints that the worst of the downside may already be behind.

Frequently Asked Questions (FAQ)

Is Immutable (IMX) bullish right now?

IMX is showing early signs of stabilization after a deep correction. While it is not fully bullish yet, reclaiming $0.35 and the 50-week moving average would significantly strengthen the bullish case.

What is the Power of 3 pattern in crypto trading?

The Power of 3 (PO3) is a market structure consisting of accumulation, manipulation, and expansion phases. It is often seen near major bottoms before strong trend reversals.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

VIPAI Asset Sell-Off and Selective Rotation in Crypto

1. Technology stocks fell sharply as investor interest shifted toward energy and selected defensive assets. From October 10 to 16, the Nasdaq 100 declined 5.49% and the S&P 500 fell 1.95%, while the Dow gained 0.67% and WTI crude rose 10.41%. BTC, ETH, and SOL declined 1.27%, 2.65%, and 4.44%, respectively. This week's technology earnings will be an important test of whether revenue growth, margins, and cash flow can justify current valuations. Better-than-expected results could help stabilize markets in the near term. 2. Crypto continues to see pockets of strong activity, but a broad-based altcoin season has yet to materialize. CoinMarketCap's (CMC) Altcoin Season Index stood at 54 as of the October 18 UTC daily observation, below the altcoin-season threshold of 75, while BTC dominance rose to 60.08%. Our proxy leverage ratio fluctuated between 4.00 and 4.07 during the week, showing no sustained increase and suggesting limited appetite for additional leverage. Meanwhile, as major exchanges expand access to traditional financial assets, the recent sell-off in AI-related equities could attract short-term speculative capital away from crypto. Such capital rotation could make it more difficult for a new altcoin season to take hold. 3. Papertrade's loss-to-mine model has generated significant interest across the crypto community. The protocol combines high-leverage derivatives trading with zero slippage and a mechanism that rewards trading losses with PAPER tokens. Across the eight complete UTC days from October 10 to 17, cumulative reported revenue reached approximately $56.08 million, including $51.90 million distributed to token holders. With growing participation from key opinion leaders (KOLs), Papertrade has reportedly ranked among the top three platforms by profitability in the broader market recently. Assets to watch: BTC, ETH, SOL, ARB, OP, SKHYNIX, SKHY, META, TSLA, LRCX, and SPCX. Key research priorities this week: Cash flow performance in technology earnings; the relative discount and holding costs of the two SK Hynix contracts; and U.S. initial jobless claims and PMI data. Weekly market data cover the period through October 16, while research information was verified through October 18. Observation periods are specified separately for each chart.

Bitget•2026/10/19 06:51
AI Asset Sell-Off and Selective Rotation in Crypto