Bitcoin (BTC) Halts at $113K, ASTER Surges by Double Digits: Market Update
Bitcoin Price Movement: Bitcoin experienced a minor decline, failing to maintain its rise above $113,000 and dropping to around $112,400, influenced by comments from Fed Chairman Jerome Powell regarding economic concerns.
Altcoin Performance: Most leading altcoins also saw losses, with Ethereum and Solana down, while Aster and Immutable registered significant gains of 40% and 10%, respectively.
Market Capitalization: Bitcoin's market cap remains steady at approximately $2.24 trillion, with its dominance over altcoins at 56.16%, while the total cryptocurrency market cap has decreased by 0.7% to about $3.98 trillion.
Overall Market Sentiment: Despite the overall downturn in the market, a few altcoins managed to perform well, indicating mixed sentiment among investors in the cryptocurrency sector.
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Technical Analysis for IMX
Technical Sentiment Analysis for Immutable (IMX) As of , Immutable (IMX) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for IMX stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, IMX is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Immutable (IMX) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0504 | 0.0897 | 0.13 | 0.169 | 0.209 | 0.248 | 0.288 |
| Fibonacci | 0.0897 | 0.12 | 0.139 | 0.169 | 0.199 | 0.218 | 0.248 |
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