Immutable (IMX) jumps 10% after bouncing from key support, eyeing $0.30 resistance

Immutable (IMX) surged 10% in 24 hours after rebounding from a key EMA support near $0.16, stabilizing above $0.20. Rising price volatility and positive funding rates suggest increased activity in the derivatives market, indicating strong trader interest. The next target for bulls is the $0.30 resistance level, supported by significant liquidity clusters above current prices. However, failure to hold above $0.20 could lead to renewed selling pressure, making sustained demand crucial for further gains.

While the article highlights a recent 10% surge in IMX, on Pluang as of Oct 11, 2026 07:21 WIB, IMX trades at Rp3.566 with a 1-day decline of 1.57%. Despite the short-term pullback, the market cap stands at Rp7.1 trillion and the 24-hour volume is Rp365.77 million, showing active trading. Notably, Pluang order activity heavily favors selling at 92%, contrasting with the article's bullish outlook, and typical holding time is around 50 days, indicating moderate investor patience.