IMX/USDT – Structural Breakout Setting the Stage for a Reversal

Overview
Immutable (IMX) has been trading in a prolonged downtrend since its 2024 peak near $3.76, carving out a descending channel with consistent lower highs and lower lows. Recently, however, the price action shows early signs of a potential structural shift. With momentum building and volume confirming interest, IMX could be entering the early stages of a major trend reversal.

Technical Structure

Falling Wedge Breakout: Price has been respecting a falling wedge formation for over a year. The latest breakout attempt above the upper trendline is a strong bullish technical signal.

Accumulation Base: The zone around $0.60–$0.70 acted as a significant accumulation area. Multiple retests suggest strong hands are absorbing supply here.

Key Levels in Play:

Immediate resistance: $0.88

Mid-term target: $1.20–$1.25 (structural retest zone)

Major upside objective: $1.88, which aligns with prior horizontal supply and wedge resistance flip.

Invalidation: A breakdown below $0.55 would invalidate the bullish structure and suggest continuation of the broader downtrend.

Outlook & Strategy
Institutional flows often enter during wedge breakouts, where risk/reward skews favorably. If IMX sustains momentum above $0.88, the path toward $1.20 opens quickly, with a measured move target pointing to $1.88 in the medium term.

Traders should monitor pullbacks into the $0.70–$0.75 zone as potential accumulation opportunities. Any retest of broken wedge resistance turning into support would strengthen the bullish thesis.

Conclusion
IMX is at an inflection point. After an extended corrective cycle, the technical structure suggests the potential start of a new bullish phase. With clear invalidation levels and defined upside targets, IMX/USDT presents a setup worth monitoring closely for trend reversal confirmation.