$IMX Recently, it swept liquidity from the lows, which could be signaling the formation of a double bottom on the higher timeframes. The first target is a return to the $2.80 resistance zone. If that level breaks, the next target sits around $7, aligning with the 0.618 Fibonacci retracement. The maximum target for this cycle could be around $20, near the 0.786 Fibonacci level.
On the flip side, if it loses the current support zone, the downside risk extends all the way to $0.10 in a worst-case scenario.
Remember it sits as the top 1 coin on the Gaming narrative, so if you want a diversified portofolio, you can ape for this or some new ones like BEAMX.
Not a financial advice.