Altcoins display bullish strength as Bitcoin trades around the $100K zone.
Immutable (IMX) appears poised for significant gains with its prevailing post-breakout actions.
Crypto analyst JAVON MARKS believes IMX bulls will target $4.91 amid magnified bullish sentiments.
$IMX (Immutable), with its post-breakout action looks like it’s going to obliterate our first target at $4.91 and push well above in an over 255% run from here which can then open up even more room!
A break above $4.91 brings in play $9.4049, which may result in another +90%…
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That will mean an approximately 255% surge from Immutable’s current price.
IMX targets robust gains past $4.91
JAVON MARKS highlighted IMX’s ongoing breakout from an extended downtrend, confirming bullish momentum.
The altcoin will likely soar over 250% to $4.91.
Overcoming this level will signal immense buyer interest, propelling the token to $9.4049.
IMX trades at $1.34 after gaining over 10% in the past 24 hours.
It looks poised for further gains, with the 100% surge in daily trading volume suggesting extended gains for the token.
Moreover, Immutable’s breakout performance shows that the altcoin is gathering the momentum needed for explosive gains to $4.91.
Breaching this level will switch IMX’s market structure bullish, setting the stage for more gains in the upcoming sessions.
IMX seems to consolidate around the $1.00 vicinity after the latest breakout.
Further, the chart’s structure reveals room for more IMX surges, matching the forecasted gains past the highlighted resistance.
The derivatives market data supports the upward narrative (according to Coinglass).
For example, Open Interest increased by nearly 17% to $44.93 million. That signals massive investor attention on IMX’s prevailing performance.
Moreover, the bullish Moving Average Convergence Divergence and the Relative Strength Index signal buyer resurgence.
Stability above $4.91 would open the path toward the $9.4049 high, “which may result in another 90% gain from the initial target.
JAVON MARKS is a popular crypto analyst known for his long-term accuracy forecasts.
He dominated crypto trends today after nailing XRP’s massive prediction.
Trust the vision and the process, ignore the noise 🏹!
Price of $XRP on Article Writing (9/13/2024): (≈) $0.55
Prices of XRP Now: (≈) $3.33
Percentage (%) Gain: >500%
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XRP trades at $3.31, with its bullish momentum suggesting continued gains to $4.
The altcoin maintains an upward stance as enthusiasts brace for crypto-friendly regulations after Trump’s inauguration.
Crypto market outlook: BTC’s 2025 potential
Bulls dominate the digital currency landscape as the global crypto market cap holds above $3.5 trillion.
While Bitcoin consolidates around $100K, currently trading at $99,190, experts forecast staggering gains in the upcoming months.
Analytics firm CryptoQuant has issued a new target for Bitcoin’s price in 2025.
Bitcoin inflows under Trump spark new $249K BTC price target for 2025
Bitcoin could hit $249,000 in 2025 as $520 billion flows into the market, according to CryptoQuant’s Jan. 14 report.
Analysts point to favorable U.S. economic policies and regulatory conditions under the new…
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The platform expects $145K to be the lowest peak for the top digital assets.
Further, CryptoQuant’s analyst Julio Moreno believes BTC can hit $249K this year – an approximately 150% surge from current prices.
He highlighted factors such as the US’s pro-crypto administration, interest rate cuts, and friendly global economy. Moreno also mentioned 2024 as the last year in BTC’s 4-year cycle.
Altcoin will likely explode amidst Bitcoin’s outperformance, propelling IMX to its targeted levels in the upcoming sessions.
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