Key takeaways
- IMX fell 8.8% over the past 24 hours and briefly dipped below $0.70.
- If the market rebound continues, the token could soon challenge the $0.80 resistance level.
IMX slid below $0.70 despite Immutable launching a mobile gaming division
IMX, the native token of the Immutable ecosystem, lost nearly 10% of its value over the weekend. The token traded around $0.90 on Friday but has since declined and is currently trading near $0.71 per token.
On Monday IMX briefly dipped under $0.70 following a sharp market-wide sell-off that pushed Bitcoin below $112,000. It has recovered slightly and is trading around $0.71 at the time of writing.
This bearish performance comes even after Immutable announced the launch of its mobile gaming division. The Immutable team revealed the new unit on Friday, saying it will focus on mainstream mobile users with new growth products, expertise and investments.
🚨 ANNOUNCEMENT 🚨
Today we launch Immutable Mobile Gaming.
A focused squad targeting mainstream mobile users with new growth products, expertise and investment.
Why?
Because more than 50% of casual gamers play on mobile and generate +$121 billion in…
— Immutable (@Immutable) September 19, 2025
Additionally, Web3 games built on the Immutable blockchain can now integrate external crypto payment options without incurring a 30% fee.
IMX eyes $0.80 amid bearish price action
The 4-hour IMX/USDT chart appears bearish after the token failed to show strength over the weekend. Technical indicators have shifted toward a negative bias as sellers dominate the market.
MACD lines are poised to move into negative territory, suggesting a transition to bearish momentum. The RSI reading of 48 sits below the neutral 50 level, indicating sellers currently hold the upper hand.
If the bearish trend continues, IMX could test the next support near $0.614 in the near term. The $0.690 support level, however, remains relatively strong for now.
Conversely, if the market mounts a meaningful recovery, IMX could aim for the first major resistance at $0.867. A sustained bullish run would allow IMX to challenge last week’s high of $0.97.