Immutable X $IMX recently experienced a strong rally gaining approximately 21%, and is now approaching a resistance level where some selling pressure might emerge. If Bitcoin BTC can hold steady $IMX has the potential to push higher.
With the market in a bullish phase there’s a good chance for alt coins to reach new all-time highs. Adding to this positive outlook the Federal Reserve’s recent rate cut of 25 basis points serves as a catalyst. Lower rates generally boost liquidity and investor confidence which often drives interest in higher-risk assets like cryptocurrencies potentially fueling further gains in the altcoin market.
