$IMX Leader of Chain Games That's in the past
I. Overall Trend Analysis
Current price: $0.263. This is a pivotal level. Looking back to late 2022, $0.25 - $0.28 was the absolute bottom of the previous deep bear market. The price has now returned to this level, completing a two-year 'round trip'. This is the last stronghold for bulls; once broken, there will be an abyss below.
IMX is at a binary crossroads: either a final desperate rally or total collapse. As the leader in Ethereum-based chain game scalability, the fundamentals are still intact, but the token price is extremely oversold. The current $0.26 represents a high-risk, high-reward left-side position with uncertain probability of success.
II. Key Levels
Resistance:
Short-term resistance: $0.500. Former support level, now a psychological barrier. A doubling of price is needed to reach here.
Strong resistance: $1.000. A mid-drop consolidation zone.
Support:
Diamond bottom: $0.250 - $0.260. The current candlestick body edge, also the historical low.
Bottomless abyss: Technically, there is no support above this level.
III. Volume Signals
Shrinking volume during consolidation.
Compared to the frenzy at $3.00, current trading volume is extremely low.
Market sentiment at rock bottom. Such low volume typically indicates that selling momentum has been exhausted, and the market is waiting for a breakout.
IV. Trading Strategy
Holders: "Don't care about boiling water if you're already dead."
Strategy: Having dropped over 90%, it's too late to cut losses now.
Advice: Lie low. Bet on a rotation in the GameFi sector during the late bull market phase. $0.26 is the last hope.
Non-holders: Lottery-style bottom-fishing.
Strategy: Exceptional risk-reward ratio (10% downside leads to zero, 100% upside leads to doubling).
Entry: Lightly enter around the current price of $0.26.
Stop-loss: Firmly exit if price breaks below $0.23.
Target: First target at $0.50.
V. Summary
IMX is a 'fallen prince', suitable for small capital to bet on a rebound.