Immutable (IMX) price rebounds sharply after deep correction: here’s why

  • Whale buys and rising turnover are fueling the Immutable (IMX) trading momentum.
  • Ubisoft and Netmarble deals have boosted Immutable’s gaming profile.
  • Breakout pattern points to a possible push toward $1.00 for IMX’s price.

Immutable’s native token, IMX, is staging a sharp rebound after months of weakness that had left the cryptocurrency lagging behind much of the market.

The token, which has traded sideways for much of the year, has broken out of a prolonged downtrend and is now attracting renewed attention from traders, whales, and major gaming partners.

At press time, the altcoin was trading at around $0.71 with a market capitalisation of nearly $1.38 billion.

This marks a significant recovery from its recent lows, although it still sits nearly 93% below both its 2021 peak of $5.75.

Whales stir the market

One of the clearest signals of renewed confidence in IMX has come from large investors.

On September 13, on-chain data revealed that a whale purchased 4.55 million IMX tokens, worth about $3.2 million at the time.

That move coincided with a 23% jump in large transactions and effectively ignited the current rally.

Whale activity overall has surged by more than 360% in recent weeks, underlining the return of big money to the token.

Such heavy buying not only adds liquidity but also signals conviction that IMX has more upside ahead.

With the token’s 24-hour turnover ratio hovering around 6.2%, trading activity has been robust enough to support the surge without signs of weakening momentum.

If the whale wallets continue to hold rather than take profits, the token could sustain its upward trajectory in the near term.

Gaming partnerships boost Immutable (IMX) credibility

Beyond trading dynamics, Immutable is also riding a wave of optimism fueled by major gaming partnerships.

Ubisoft, one of the biggest names in global gaming, recently announced the debut of its Might & Magic Fates trading card game on Immutable Play, using Immutable’s zkEVM technology for gas-free NFT transactions.

The move was showcased at Gamescom 2025, underscoring the studio’s commitment to exploring Web3 gaming through Immutable’s infrastructure.

Netmarble has also partnered with Immutable in a deal that allows creators to promote upcoming titles, including those linked to the popular Solo Leveling franchise.

Notably, the Netmarble partnership announcement on September 11 coincided with IMX’s breakout from a short-term symmetrical triangle pattern, giving technical traders a bullish signal and strengthening sentiment across the community.

Immutable (IMX) price breakout

So far, the network has onboarded more than 660 games and built a user base exceeding 5.6 million, according to community reports.

The cofounder further revealed on September 15 that several multi-generational Web2 franchises are preparing to onboard in the coming weeks, potentially opening the door to mainstream anime and entertainment IPs.

These partnerships matter because almost 97% of the total IMX supply is already circulating, and the increased use within the gaming industry reduces the token’s inflation risk, contrasting with many other tokens that are still unlocking significant portions of supply.

This gives Immutable (IMX) a stronger foundation for sustainable price growth.

Technical breakout draws traders back

From a technical perspective, IMX’s recent breakout from its symmetrical triangle formation marks the first significant bullish signal after a long decline stretching back to 2021.

Notably, the token’s rebound from its demand zone is a critical shift that could push it toward the psychological $1.00 level if momentum holds.

Some even suggest that the setup could deliver another 40% to 60% move higher in the short term.

The alignment of whale activity, gaming partnerships, ecosystem expansion, and technical strength has revived confidence that Immutable may finally be turning the page after years of correction.

While risks remain and the token’s distance from its previous highs is still wide, the price forecast shows that both investors and industry partners are betting that IMX’s next chapter could be one of growth rather than decline.

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Memecoin news: Pump.fun flips Hyperliquid in revenue, DOGE ETF expected this week

  • fun’s $3.12M daily revenue eclipses $2.78M of Hyperliquid DEX.
  • Bloomberg’s analysts thinks a DOGE ETF could go live on Thursday.
  • Markets flash optimism as traders eye another potential meme coin season.

The crypto market held strong on Tuesday as Bitcoin rallied ahead of the much-awaited interest rate decision, poised to determine the industry’s direction in the upcoming times.

Analysts forecast significant breakouts after a potential 25bp reduction.

Solana-based Launchpad, Pump.fun, has performed well in the past few sessions, now outperforming Hyperliquid in daily trading volume.

Meanwhile, the original meme crypto, Dogecoin, stole the show as the community anticipates the first-ever DOGE ETF to launch in the US on Thursday.

Pump.fun outshines Hyperliquid

The meme token generation platform has seen remarkable recoveries as strategic buybacks start to pay off.

Data compiled by CryptoRank shows Pump.fun has outperformed Hyperliquid in daily revenue.

The decentralized exchange recorded $2.78 million in 24-hour profits on September 15, lower than PUMP’s $3.12 million.

The milestone makes Pump.fun a top-earning DeFi network, only behind Tether and Circle.

Notably, fees accrued from new coin launches, trader activity, and liquidity provision contribute to Pump.fun’s growth.

Furthermore, such developments reflect increased interest in meme tokens.

These indicators signal a potential bull run as participants seek high-risk, high-reward investment opportunities.

Pump.fun’s native token exhibited a bullish stance as the protocol gained traction.

PUMP has soared more than 75% in the past seven days to $0.008160.

Dogecoin ETF launch looms

At the same time, excitement fills the meme crypto ecosystem as enthusiasts brace for the first US DOGE exchange-traded fund.

Bloomberg’s analyst Eric Balchunas expects Dogecoin and XRP ETFs to drop this week, stating:

As of now, the Doge ETF (DOJE) is slated for Thursday launch.

The debates grabbed attention, especially as the SEC maintains a cautious approach in approving altcoin ETFs.

The regulator has delayed its decision on multiple exchange-traded funds lately.

However, Balchunas sees no issue with that.

Responding to an X user who asked why the watchdog rejected Bitwise’s Dogecoin spot ETF, he said:

All the 33 Act DOGE ETFs are sitting with the SEC, likely to see approval in next two months.

If authorized, REX-Osprey DOGE ETF (DOJE) would become the first US exchange-traded fund giving cryptocurrency investors exposure to a meme token.

Such a move would elevate Dogecoin’s appeal in the financial world, which is crucial as markets move from hype-driven assets to projects with real-world utility.

DOGE trades in the green as the community awaits this week’s key moment.

It has gained more than 10% in the past week to $0.2652.

Overcoming the resistance at $0.30 could trigger substantial rallies for the altcoin.

CleanCore Solutions demonstrates its confidence in Dogecoin, making three massive purchases this week.

The latest transaction saw the company accumulating 100 million DOGE, worth around $26.6 million.

CleanCore now holds over 600 million Dogecoin tokens, targeting 1 billion by October.

The market capitalization of all meme tokens is $86.14 billion, with a trading volume of $9.34 billion (Coingecko data).

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Immutable (IMX) tops $0.70 as coin pumps 12%; Check forecast

Key takeaways

  • IMX is the best performer among the top 100 cryptocurrencies by market cap, up 12% in 24 hours.
  • The coin could target the $0.808 resistance level soon.  

IMX rally as on-chain activity increases

IMX, the native coin of the Immutable ecosystem, is the best performer among the top 100 cryptocurrencies by market cap in the last 24 hours. The coin rallied by more than 12% and has now surpassed the $0.70 mark.

The positive performance comes amid growing on-chain activity. IMX’s 24-hour turnover ratio is around 6.2%, indicating growing trading activity within the immutable ecosystem. On-chain data shows that a whale purchased 4.55 million IMX tokens, about $3.2 million worth, on September 13.

This transaction caused a 23% jump in large transactions and has been the primary catalyst behind IMX’s ongoing rally. 

IMX eyes the $0.808 resistance level

The IMX/USD 4-hour chart is bullish but inefficient, thanks to Immutable’s sudden rally over the last 24 hours. The inefficiency could see IMX dip lower to grab liquidity before continuing its rally.

The RSI of 64 shows that buyers are firmly in control, with the MACD lines also deep within the bullish territory. If the rally continues, IMX could hit the next major resistance level at $0.808 over the next few hours or days. An extended bullish run would allow IMX to hit the $1 mark for the first time since January.

IMX/USD 4H Chart

However, the inefficiency could see IMX undergo a correction. If that happens, IMX could decline to the $0.660 level over the next few hours. The major support and TLQ level at $0.58 would likely hold unless the broader crypto market records a massive loss. 

The onchain activity supports a continued rally for IMX, with upcoming macroeconomic events likely to play a role in how the coin performs over the next few days.

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Bitcoin price prediction: BTC recovers above $115k as $116k resistance holds

Key takeaways

  • BTC targets the $120k resistance ahead of FOMC.
  • The $116k resistance presents a hurdle to traders despite bullish price action. 

BTC is still trading below the $116k resistance

The crypto market opened the new week bearish but is now on its path to recovery as Bitcoin and other major cryptocurrencies are recording gains. Bitcoin dropped to the $114k level on Monday, with altcoins recording bigger losses.

However, BTC has slightly recovered and is now trading above $115k, with the $116k resistance still in play. The stagnated price action comes ahead of a crucial FOMC meeting tomorrow.

Analysts are expecting a rate cut of at least 25 basis points, with some predicting a 50 basis point cut. Polymarket odds of this cut have jumped to over 90%, while the CME Fed Monitor tool has the probability at 95%. A Fed rate cut will favour cryptocurrencies such as Bitcoin, with the leading cryptocurrency likely to target its all-time high price once again.

BTC eyes $120k ahead of FOMC

The BTC/USD 4-hour chart remains bullish and efficient despite Monday’s dip. The technical indicators have improved over the last few hours, with all eyes now on tomorrow’s expected Fed rate cut.

BTC/USD4H Chart

The RSI of 55 shows that buyers are still in control, with the MACD lines also within the bullish territory. If the $116k resistance level is surpassed, BTC could quickly rally towards the $120k psychological level over the next few hours or days. An extended bullish run would allow it to target the all-time high price above $125k.

However, failure to surpass the $116k resistance level could see BTC face further correction to the downside. This could see the cryptocurrency retest the TLQ and support level at $113,479. This support level will likely hold as the next support level is around $110.

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Avalanche price: AVAX holds $30 level as bulls target channel breakout

  • Avalanche (AVAX) price is in the green on Tuesday morning, with bulls hovering above the critical level of $30.
  • Most cryptocurrencies trade at key levels amid the broader market’s anticipation around the Federal Reserve’s meeting and interest rate decision.
  • Institutional interest also continues to grow, with Bitwise filing for an Avalanche spot exchange-traded fund with the US Securities and Exchange Commission.

Avalanche price eyes breakout above $30

While small-cap tokens like Avantis skyrocket to lead top gainers on the day, the Avalanche (AVAX) price hovers green. It currently trades as one of the top gainers among the top 20 cryptocurrencies.

The altcoin traded around $30.50 as of writing on September 16, up 7% in the past 24 hours and an impressive +18% over the last seven days.

It’s a performance that outpaces the global cryptocurrency market’s 1% gain and sees bulls close to the resistance line of a channel breakout.

Trading volume has spiked to $1.18 billion, up by more than 27% in the last day to signal buying pressure.

Avalanche price chart by TradingView

From a technical point of view, chart patterns suggest that AVAX is on the cusp of a significant channel breakout.

While the token has largely consolidated within a descending parallel channel, a recent uptick has bulls looking at a potential corrective pattern that could allow for a retest of $44.

Avalanche has notably breached the critical $27 horizontal resistance level. Holding above this level and piercing the $30 barrier may allow bulls to break above the channel’s upper boundary.

The Relative Strength Index (RSI) at 64 indicates room for gains before overbought conditions hit. A bullish outlook is also supported by the Moving Average Convergence/Divergence (MACD) on the daily chart.

Overall, the chart structure positions AVAX favorably for a move above $30, potentially fueled by ecosystem expansions and DeFi growth.

Bitwise AVAX ETF filing and Fed decision

Compounding the technical optimism are recent regulatory and macroeconomic trends.

One of these is the development that saw Bitwise Asset Management file an S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) for a spot Avalanche ETF.

This filing, following the establishment of a statutory trust in Delaware, proposes direct exposure to AVAX through custody-held tokens, allowing investors to gain regulated access without managing wallets or private keys.

VanEck and Grayscale are among the top issuers seeking approval for ETFs tracking the AVAX cryptocurrency. Sentiment is high amid anticipation of an SEC nod in the coming months.

Also buoying AVAX price is expectation around the Federal Reserve’s upcoming decision on interest rates.

The Fed meets this week and a 25 basis point cut could inject fresh liquidity into risk assets like cryptocurrencies. Avalanche’s price will rally alongside other altcoins.

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