Categories: MarketsMenafn

Immutable Surges 42% Amid Gaming Adoption and Whale Activity

Immutable, the Ethereum Layer-2 solution powering Web3 gaming, has reclaimed the spotlight with a 42% surge, becoming one of the top-performing assets among major cryptocurrencies.

The price action has been accompanied by a significant uptick in trading volume, whale activity, and broader ecosystem adoption, offering renewed confidence in the token’s recovery trajectory.}

Immutable X Price. Source: CoinGecko.

The news aligns with a broader wave of institutional and community interest. Immutable’s zkEVM chain has now onboarded over 344 games, demonstrating strong developer and publisher confidence in the platform’s infrastructure, according to Robbie Ferguson, co-founder.

Ferguson also recently stated that Immutable Passport had surpassed 5 million sign-ups in just 15 months, marking a pivotal milestone for the platform.

Technical Indicators Point to Bullish Continuation

IMX is now trading at $0.585, a 41.8% gain over the past seven days. The daily chart shows a confirmed breakout above the 21-day EMA ($0.477), with momentum indicators flashing green across the board. RSI has climbed to 64.65, reflecting strong upward momentum without entering extreme overbought territory. The Stochastic Oscillator remains elevated, with both %K and %D above 70, indicating continued buying pressure.

Meanwhile, MACD has crossed into bullish territory, with both the signal and MACD lines trending upward. Volume has surged in tandem with price action, adding credibility to the move. The 200-day SMA looms overhead at $1.111, suggesting this level could serve as a major resistance if the rally continues.

Source: Tradingview.

Read more: SOL Strategies Unveils $500M Solana Expansion Plan

Immutable Network Activity Surges

Market behavior around IMX is showing signs of sustained strength, with notable shifts in participation and liquidity flows. Large transaction activity has sharply increased, suggesting that deeper-pocketed players are re-engaging with the asset.

This uptick in activity appears to align with broader user engagement on-chain, suggesting the price trend is being confirmed by more than just speculative enthusiasm.

Meanwhile, trading volume has expanded significantly, accounting for a substantial portion of IMX’s current market capitalization. The token has broken through meaningful resistance levels, and while short-term pullbacks remain possible, especially if momentum cools, the underlying structure still leans bullish.

Any weakness from here is likely to be met with opportunistic accumulation, reinforcing the current directional bias.

Jerry Rolon

After working for 7 years as a Internet Marketer, Jerry now aims to explore the journalistic side of Internet. With his impeccable knowledge in this domain, he churns out some of the best news articles from the internet niche. With respect to acedamics, Jerry earned a degree in business from California State University.

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