Imminnoy (IMX), the NFT scale for Ethereum, attracted the attention of whales and market participants after a large -scale increase in price by 41.79% over the past 24 hours. This step pushed the token $ IMX firmly after a market capitalization of $ 450 million, as it looks at further results.
By directing the rally, the data to the chain indicate a significant accumulation of IMX with large traders of Kita in combination with a noticeable surge of large volumes of the transaction, which caused speculation on the stable bull -municipal rally.
Transactions with whales and spike volume preceded a surge
According to the Kita warning data, the Hyperiliquid platform, known for its profit, recently initiated a long position of 19.54 thousand dollars. USA in IMX at a price of $ 0.58. The current total long position of this trader is 19.51 thousand dollars. USA with an average entrance price of $ 0.58.
The best trader from PNL for Hyperlikvid simply lasted 19.54 thousand dollars. USA $ IMX at a price of $ 0.58
The current position of this user is a length of 19.51 thousand dollars. USA $ IMX at an average price of $ 0.58.
– Whale Watch Perps (@whalewatchperps) April 22, 2025
The remarkable step of this trader implies a strong conviction of the potential potential of IMX.
Further data from Intotheblock has identified a surge in a large transaction volume for IMX over the past 24 hours. This indicator has grown to 33.42 million IMX tokens, directly preceding an increase in price by 41.79%.
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According to CoinmarketCap, during the print IMX is traded at 0.6527 US dollars, which is slightly lower than the daily maximum of $ 0.6724. This price allowed IMX to return its 20-day exponential sliding medium (EMA) at 0.482 US dollars, a key technical indicator, often considered as a short-term bull-free signal.
Technical schedule indicates a target 1 US dollar
Looking at the daily IMX/USDT diagram, it reveals a falling wedge scheme, a technical formation, which often precedes bull circulations and is characterized by converging upper and lower trend lines, leaning down.
The recent breakthrough is higher than the upper line of the trend of this wedge, which, by the visible, is about 0.55 to $ 0.60, is a significant bull signal. To evaluate the potential target based on this template, we measure the widest distance of the wedge and add it to the breakthrough point.
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The widest part of the wedge is from about 0.40 to 0.80 US dollars, a distance of $ 0.40. Adding this to a conservative breakthrough point of 0.60 US dollars implies a potential target in the vicinity of $ 1.
The MACD indicator shows the intersection of the MACD line (blue) above the signal line (orange), and the histogram becomes positive. If the MACD lines continue to extend further to the positive territory, and the histogram bars increase in size, this will further strengthen the prospects of the bull.
On the other hand, the balance of the balance of forces is currently read by 0.62, which is located on a positive territory. BOP measures the force of purchase compared to sales pressure. Positive reading indicates that buyers are under control, and prices are closed in the upper half of their daily range.
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