Can IMX bulls hold on after selling pressure fuels daily losses of 12%?
Photo: AMBCrypto
As the market crashed on the back of Binance being hacked, most altcoins were left bleeding. Immutable was one of the most affected altcoins on the charts. In fact, IMX recorded a massive price drop on the charts. The altcoin not only lost the $0.12-support but also breached $0.11, dropping to a low of $0.106. Soon after, it slightly rebounded though. At the time of writing, Immutable was trading at around $0.11, down 12% on the daily charts. At the same time, the altcoin's volume jumped by 218%, hinting at strong selling pressure as traders reduced their exposure.
Source: AMBCrypto
