FxWirePro- IMXUSD gained momentum after a strategic partnership with Sunspear games, good to buy on dips

Immutable is the leading platform for building web3 games on Ethereum. Powering the next generation of web3 games.

Immutable zkEVM is the first of its kind - a chain for games that offers EVM compatibility, low cost, massive scale, and Ethereum security.

"Layer 2" is a term used to describe mechanisms that process batches of transactions independently of layer 1 and only periodically report them to the main chain.

Recent News

Immutable announced its strategic partnership with Sunspear Games.

A strategic partnership with the makers of the highly anticipated real-time strategy title, IMMORTAL @GatesofPyre  to extend their game to the next generation of players.

“Developing our first RTS game has been a dream of ours. This partnership will allow interested players to enjoy unique Web3 benefits within IMMORTAL: Gates of Pyre’s ecosystem.” - Kevin Wagner, SunSpear Games CEO and Co-Chairman

IMXUSD prices surged more than 20% in past two days. It hit a high of $1.4760 and currently trading around $1.3749. 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 $1.55, any indicative breach above will take the pair to $1.85/$2.15/$2.60/$3. On the lower side, immediate support is $1.28, and any violation below target is $1/$0.80.

Indicators ( 4- hour chart)

CCI(50)- Bullish

Directional movement index - Bullish

It is good to buy on dips around $1.28 with SL around $0.90 for TP of $3.