Immutable (IMX) is getting ready to announce its third multi-billion-dollar-backed game on February 26th. This announcement comes as IMX is seeing a price decrease, currently trading at $0.6608 after dropping 7.21% in the last 24 hours. Investors are watching the asset’s movement closely as it nears key support and resistance levels. https://twitter.com/0xferg/status/1894341582620701116 IMX Price Under Pressure and Market Movement The IMX price started the day around $0.6919 but has faced non-stop downward pressure, making lower highs and lower lows. This continuous slide points to a generally negative market mood. However, a recent bounce from the lowest point shows there’s still some buying interest. Market watchers are trying to figure out if this is just a short-term bounce or the start of a real recovery. Key Price Levels for IMX IMX is testing key support levels, which could tell us what it will do next. The $0.6200-$0.6250 area has been a strong support zone, since the price just bounced from this level. If sellers keep pushing, the next big support is at $0.6000. This is a well-known level where buyers might jump in to stop the price from falling further. Source: CoinMarketCap On the upside, resistance is still strong between $0.6800 and $0.6900. Sellers have stopped price increases in this area before. If the price can break above this range, it might head toward $0.7000. That’s a key level everyone’s watching that could bring back bullish activity. Related: Massive Crypto Token Unlocks in October Could Impact IMX, APT, AXS, and More Technical Indicators Show Bearish Signals IMX/USD daily price chart, Source: TradingView Several indicators show the current negative trend. The Relative Strength Index (RSI) is at 27.60, suggesting the market is oversold. A change in direction could happen if buying interest picks up. Also, the Moving Average Convergence Divergence (MACD) line is still below the signal line, indicating negative momentum. The MACD histogram also shows sellers are still in control, backing up the downward trend. IMX Price Prediction: Long-Term Bullish Outlook Even with the short-term negative movement, analysts expect IMX to recover strongly. As per Coincodex price prediction, By December 2025, IMX is expected to trade within a range of $1.533098 to $1.576038. Related: Immutable Receives Wells Notice From SEC Over IMX Token This projection suggests a large price increase of about 134.39% from current levels. If this prediction comes true, investors could potentially make gains of 138.87% based on an average price of $1.546471. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.