Two Economic Reports Could Influence Crypto Markets This Week
Crypto Market Recovery: Crypto markets have regained the $3 trillion market cap, with Bitcoin stabilizing above $88,000 and Ether holding around $3,000, showing resilience after recent fluctuations.
Limited Volatility Expected: The upcoming week is anticipated to have subdued trading activity due to the Christmas holiday, with key economic reports like the PCE inflation data and Q3 GDP report scheduled for release.
Economic Data Releases: Important economic indicators, including October's PCE inflation, Q3 GDP, and consumer confidence data, will be released this week, which may influence market sentiment.
Central Bank Influence: Future market movements may be guided by comments from global central banks regarding their policy direction for 2026, as noted by market analysts.
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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 | 0.0503 | 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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