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Immutable X is the first layer-two (L2) scaling solution for non-fungible tokens (NFTs) on Ethereum, with instant trading, massive scalability, and zero gas fees for minting and trading, all without compromising user or asset security.
Main features of Immutable X -
It does not impose gas fees for transactions carried out on this platform.
It supports ERC-20 and ERC-721 tokens.
It is a platform that provides layer 2 solutions on the Ethereum
IMXUSD prices surged nearly 15% in past two days. It hit a high of $1.6945 and currently trading around $1.6340. The pair is holding well above the short-term (21 and 55-day EMA) and long-term moving average (200-day EMA).
The near-term resistance is around $1.85, any indicative breach above will take the pair to $2.15/$2.60/$3. On the lower side, immediate support is $1.40, and any violation below target is $1./$0.80.
Indicators ( Daily chart)
CCI(50)- Neutral
Directional movement index - Bearish
It is good to buy on dips around $1.50 with SL around $1 for TP of $3.
