Immutable (IMX) breaks through USD 0.70, and the coin price rises 12%; view forecast

IMX led the top 100 cryptocurrencies, up 12% in 24 hours, breaking through $0.70, thanks to the increasing on-chain activity, including a $3.2 million purchase by a whale user. Technical indicators show that IMX may advance towards the resistance level of $0.808, but if the inefficiency of the market is corrected, it may fall to $0.660 in the short term.