Key Takeaways
- IMX has declined by 8.8% over the past 24 hours, briefly dropping below $0.70.
- The coin could soon surpass the $0.80 resistance level if market recovery continues.
IMX Falls Below $0.70 Despite Immutable’s Launch of Mobile Gaming Division
The native coin of the Immutable ecosystem, IMX, has seen a near 10% drop over the weekend. Trading at around $0.90 on Friday, its value has since plummeted to approximately $0.7100.
On Monday, the coin briefly dipped below $0.70 following a flash crash that saw Bitcoin fall below $112,000. It has since recovered slightly, now trading at around $0.71.
This downturn comes despite the recent launch of Immutable’s mobile gaming division. Announced on Friday, the new initiative aims to target mainstream mobile users with innovative products, expertise, and investments.
🚨 ANNOUNCEMENT 🚨
Today, we launch the Immutable Mobile Gaming division.
A specialized task force targeting mobile mainstream users with new growth products, expertise, and investments.
Why?
Because over 50% of mainstream gamers play on mobile, generating +$121B in…
— Immutable (@Immutable) September 19, 2025
Additionally, Web3 games on the Immutable blockchain can now integrate external cryptocurrency payments without incurring a 30% fee.
IMX Targets $0.80 Amid Price Decline
The 4-hour IMX/USDT chart shows a bearish trend, reflecting the coin’s poor performance over the weekend. Technical indicators have also turned negative as sellers dominate the market.
MACD lines are on the verge of entering negative territory, suggesting a shift towards a bearish price action. The RSI of 48 indicates under the neutral 50, signaling that sellers are in control.
If the downward trend continues, IMX could reach a support level of $0.614 in the short term. However, the current support level at $0.690 remains intact.
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