Bullish indicators point to a 28% surge in IMX's price, with analysts speculating about the potential peak.
In the dynamic world of cryptocurrencies, the IMX token has made a significant move that could signal a bullish trend. The IMX token, which is expected to strengthen its presence in the mainstream gaming sector, has confirmed a breakout from a double-bottom pattern on the weekly chart, and also from a multi-year falling wedge pattern.
This setup on IMX is shaping up like the early stages of a bullish reversal. The double-bottom breakout suggests that sellers have lost their grip, and the multi-year falling wedge gives way, indicating a shift from a prolonged downtrend into an uptrend.
The IMX token, which recently rallied, has broken out of the double-bottom, a move that could bring more gains in the short term. The next likely target for IMX is $1.31, calculated by adding the depth of the double bottoms formed and adding it to the level at which the token broke out of the pattern.
While the IMX token's price prediction is promising, it's important to note that a drop below $0.82, the neckline level of the double bottom, would invalidate the price prediction.
The IMX token's bullish trend could be linked to a significant partnership it formed last month. Immutable, the institution behind IMX, announced Ubisoft's integration on August 13, 2025. Ubisoft, a renowned name in the gaming industry, could potentially play a significant role in the rise of the IMX token.
Interestingly, the $54m debut of XRP and DOJE ETFs, among the top launches of 2025, might provide a broader context for the cryptocurrency market's current state. As the market continues to evolve, the IMX token's breakout from the double-bottom and falling wedge patterns could be a sign of things to come.
Stay tuned for more updates on the IMX token's journey in the cryptocurrency market.
