IMX’s price drop follows a surge in supply, indicating negative investor sentiment. Currently, IMX totals 165 million tokens with a market cap near 13 million USD. With increased selling pressure, maintaining a price above 0.400 USD is crucial to avoid an all-time low.
Currently, active addresses reflect investor skepticism about IMX’s future. A reclaim of 0.508 USD could initiate a recovery toward 0.684 USD, but a break below 0.400 USD may lead to further declines, potentially reaching new lows.
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