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Jun 7

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Feb 2

Be Cautious of Chainlink, Immutable X, and Pyth After Social Dominance Has Surged During Their Pumps! 2-02-24, 18:54


📈🗣️ #Chainlink (+34%), #ImmutableX (+23%), and #Pyth (+26%) have all enjoyed impressive market cap growth in the past week. The mainstream crowd is discussing them at high rates, meaning #FOMO should lead to high volatility for these particular assets.

Nov 14

ImmutableX's IMX token to redistribute imminently 14-11-23, 13:36

ImmutableX (IMX) has seen a considerable spike in profit-taking as seen in the Network Realized Profit/Loss indicator.

IMX NPL

Active Addresses, Network Growth and Volume are all declining and producing lower highs while IMX price produces higher high.

IMX AA, NG, Volume

Furthermore Exchange Flow Balance saw nearly 4 million IMX move into exchanges for potential redistribution.

IMX Exchange Flow Balance

MVRV 30-day has declined from 44% to 28% and indicates that 28% of IMX holders that bought the token over the past month are in profit.

IMX MVRV 30-day

Conclusion:

The redistribution sigs are apparent and its only a matter of time for IMX to slide lower.


From a TA-perspective, the daily FVG range, extending from $1.02 to $0.92 is where smart money might step in to buy the dips after redistribution.


  • Akash G (Twitter: Mangyek0)

Apr 25