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Immutable

Immutable Receives SEC Wells Notice, Vows to Defend IMX TokenImmutable, the Australian-based crypto gaming company renowned for its blockchain platform and CRYPTOCAP:IMX token, is facing a significant challenge. On November 1, the company disclosed that it had received a Wells notice from the U.S. Securities and Exchange Commission (SEC). Immutable has responded decisively, pledging to defend itself against any enforcement action and challenging the regulator's claims. Understanding the Wells Notice A Wells notice is an official letter issued by the SEC, signaling its intent to pursue enforcement action. It indicates that the agency believes it has gathered sufficient evidence of a potential violation of securities laws. Before the notice is issued, the SEC typically conducts extensive investigations and discussions with the involved entity. However, Immutable expressed discontent with the abruptness of the notice, which arrived with little warning despite previous engagements with the agency. The Wells notice appears to focus on Immutable’s IMX token sales and listings dating back to 2021. According to Immutable, the SEC specifically raised concerns over a 2021 blog post. In that post, a pre-launch investment in CRYPTOCAP:IMX tokens at $0.10 was mentioned, alongside a note about a "$10 pre-100:1 split" that, in the SEC’s view, inaccurately suggested there was no exchange of value between parties. Immutable countered these claims, asserting that the transaction did have genuine economic substance and that the SEC’s interpretation stems from poor communication and a misreading of facts. "Once again, the SEC is not correct," an Immutable spokesperson stated. "The details of the pre-launch investments were legitimate, and we are confident in our compliance with securities laws." Immutable's Determination to Fight Back Despite the gravity of the situation, Immutable remains resolute. The company expressed optimism in its ability to defend against the SEC’s allegations. "In spite of the SEC’s claims that tokens in the industry are securities, we strongly believe the IMX token does not fall under this category," Immutable said in its statement. The firm’s leadership emphasized its commitment to continue operations without disruptions and to protect the interests of its investors and community. Immutable is not alone in its struggle; the SEC has targeted several major crypto firms in 2024, including OpenSea, Crypto.com, and Uniswap, as the regulator intensifies its scrutiny of the digital assets space. This broader regulatory crackdown has fueled debates about the future of token classifications and the impact on the crypto market as a whole. Technical Outlook From a technical standpoint, CRYPTOCAP:IMX has taken a hit. As of this writing, the token has dropped 6.41%, trading within a descending trend channel. The decline is likely driven by the uncertainty and negative sentiment surrounding the SEC allegations. The daily price chart for CRYPTOCAP:IMX shows a bearish harami pattern, which typically signals increasing selling momentum. If this trend continues, IMX could potentially test the crucial support level at $0.90. This level may serve as a cooling-off point, offering a chance for the token to consolidate before determining its next direction. Moreover, it is worth noting that IMX’s price movements are often correlated with Bitcoin. Currently, Bitcoin has struggled to maintain upward momentum, retreating from the $75,000 pivot and dipping to $68,000. This broader market pressure could exacerbate the downward trend for IMX, especially if Bitcoin fails to stabilize. Implications and Market Sentiment The SEC’s pursuit of Immutable underscores a fundamental risk facing the entire crypto industry: regulatory uncertainty. Token projects, especially those that engaged in early sales or complex transactions, are increasingly vulnerable to enforcement actions. If the SEC classifies CRYPTOCAP:IMX as a security, it could lead to further restrictions and compliance burdens, potentially affecting the token’s marketability and ecosystem development. However, Immutable’s proactive approach and public commitment to fight the SEC’s claims may bolster investor confidence in the long term. The outcome of this regulatory clash could set a precedent for how other blockchain-based gaming and NFT platforms navigate securities laws. Investors and market participants will be watching closely to see whether Immutable’s defense holds up. Conclusion Immutable’s battle with the SEC is far from over, and the stakes are high for both the company and the broader crypto market. While the regulatory environment remains challenging, Immutable’s determination to protect the CRYPTOCAP:IMX token and its ecosystem could inspire similar companies facing regulatory hurdles. On the technical front, traders should be cautious as CRYPTOCAP:IMX navigates a bearish pattern, but all eyes remain on the $0.90 support level and Bitcoin’s broader influence on the market. The coming weeks will be critical in shaping the narrative around CRYPTOCAP:IMX and the ongoing regulatory debate. Stay tuned for further updates as this story unfolds.
by DEXWireNews
2
Is #IMXUSDT on the Edge of Major Breakout? What You Should KnowYello, Paradisers! Are we about to witness a massive bullish rally of the #IMX or pullback could be on the horizon? Let’s break down the #Immutable's price action: 💎#IMXUSDT is showing strong potential for a bullish continuation as it hovers above a critical demand zone at $1.22. We've been closely monitoring #Immutable as it moves through a falling wedge pattern—a setup that often signals an imminent breakout. The next target in sight? The internal minor resistance at $2.02. 💎If #IMX holds strong at this resistance, we could be on the cusp of a significant bullish rally, reminiscent of past explosive market moves. A successful breakout above the key resistance at $2.02 could open the doors to higher resistance zones, potentially driving the price even further. 💎However, caution is crucial here. If momentum weakens at this critical demand zone, we might see a pullback to the lower demand area, ranging between $0.90 - $1.02. 💎Stay vigilant and closely watch the CRYPTOCAP:IMX price action. A daily close below this demand area could invalidate the bullish outlook and pave the way for further declines. Stay focused, patient, and disciplined Paradisers. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon
IMX/USDT Ready for a Bullish Reversal From a Key Support💎Attention Paradisers, There’s a vibrant opportunity for a bullish rally as #IMXUSDT is firmly following on the support of an ascending channel. Currently, it’s maintaining its stance at $2.204. With solid support at this level, #IMX is well-positioned to challenge and potentially break through the bearish order block located just above. 💎However, if #Immutable falters and descends below the $2.204 support, it might signal a weakening bullish force, potentially spiraling into a bearish trend. The next critical support zone lies at $1.98, a region known for its vigorous liquidity and history of sparking substantial upward corrections. 💎If CRYPTOCAP:IMX revisits this demand zone, securing a strong rebound is imperative to sustain bullish intentions. A failure here could amplify bearish pressures, sour the market outlook, and push prices to even lower thresholds. 💎Stay alert and adaptive, Paradisers. Your ParadiseTeam is continuously monitoring the market to ensure you’re well-prepared to navigate the dynamics of the #Immutable market. MyCryptoParadise iFeel thesuccess
Long
by MyCryptoParadise_Simon
IMX/USDT descending channel what next? 👀🚀IMX analysis💎Paradisers, #IMXUSDT is currently tracing a descending channel trajectory. This poses the question: Will we see a continuation of the downtrend, or is there uncertainty ahead for sellers? Let’s examine the potential outcomes. 💎 Notably, #IMX has surged above both the descending channel trendline and the 200-day Simple Moving Average (SMA) on the daily chart. This upward break signals strong control by the bulls, potentially heralding a continuation of the uptrend. 💎 Nevertheless, while #Immutable stays beneath the critical supply zone of $2.4553, the outlook could still lean towards bearish. A breakout above this level could shift the momentum towards bullish territory. In such dynamic market conditions, maintaining vigilance and trading strategically are paramount for success. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
IMX/USDT preparing bullish trajectory|👀🚀IMX analysis💎 Paradisers,#IMXUSDT is doing something cool!After making double top formation it takes downward move despite downward trajectory price once again restoring momentum at key support level $1.7030 💎 What if #Immutable can't stick the landing at this support level and slips below it? Then we've got to switch things up. We're looking for a strong comeback from a bit lower down, at a support level it's hit twice already. 💎 If the price of #IMX dips below this key area, it's time to rethink our game plan. We're hoping for a bounce back from the next support line at $1.3147. If it doesn't manage to recover from there, we might see it fall even more. Stay sharp and ready to adapt as we watch how things unfold. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon
IMX/USDT ascending channel bullish horizons? 🚀IMX Analysis💎 Paradiser, let's closely analyze #IMXUSDT. It displays clear indications of an imminent significant move originating from a crucial demand level. 💎 #immutable is currently experiencing an upward momentum, nicely following an ascending channel, which suggests a potential continuation of bullish trends. Our anticipation is a retest at the demand level of $2.7450, laying the groundwork for sustained upward movement. A successful retention above this level for #IMX might pave the way for a notable resistance zone at $4.1504. 💎 However, should CRYPTOCAP:IMX face challenges in maintaining its position above the demand, a strategic reassessment may be necessary. In such a circumstance, we would contemplate redirecting our attention to a bullish ascent emanating from a lower support level at $2.4430. Vigilance over this level is imperative, as a failure to uphold it could signal a shift towards a more bearish trend.
Long
by MyCryptoParadise
IMX → Falling Out Of Bull Channel!? This Chart Shows The WayImmutable token is showing weakness at the bull channel support line, flirting with the idea of breaking out and putting in lower lows. All is not lost! We have potential support zones below the current price of $1.28. How do we trade this? Up until 12 hours ago, our bias should have remained long because we were in a bull channel. That all changed once we witnessed the 3rd Reversal Signal as shown in the analysis, when our long bias should be put on hold until we meet the bull channel support line. The price did fall to the support line but had a weak bounce, a strong indication that the bull channel was ending. Now the price is attempting to beak below the channel support and the RSI is aiding that perception by being below the Moving Average at 40.00 with room to fall. We need to wait for a bear candle to close below the bull channel, confirming the breakout. Then it's reasonable to scalp to the 200EMA just above $1.10. Use a smaller position size since we're sacrificing Risk/Reward for Probability. Ideally, you should be able to run this trade 100 times and make a profit and since our Risk is equal to our Reward, this trade needs to be successful over 50% of the time. Since the macro trend is still bullish, I would wait and see what happens at the 200EMA before entering a long. If we get a strong bull bar closing on or near its high, it may be reasonable to enter a long with a protective stop just below the 200EMA. Until then, use caution! Trade Ideas Short Entry : $1.25 Stop Loss: $1.39 Take Profit: $1.11 Risk/Reward Ratio: 1:2 Long Entry : $1.17 Stop Loss: $1.07 Take Profit: $1.37 Risk/Reward Ratio: 1:2 Key Takeaways 1. Weak Response At Bull Channel Support. 2. Currently Attempting Bear Breakout of Bull Channel. 3. Look for Support at 200EMA 4. If bounce at 200EMA, look for Bull Signal Bar to Long. 5. If Bull Close Here at Bull Channel Support, Consider Long. 6. RSI at 40.00, Bias to Short in the Short-Term. You are solely responsible for your trades, trade at your own risk! If you found this analysis helpful, click the Boost button and let us know what you think in the comment section below!
COINBASE:IMXUSDShort
by TraderEngineering
2
GOG - Guild Of GuardiansGOG - Guild Of Guardians is a Blockchain mobile RPG with 150k+ players on the waitlist. Published by Immutable, and developed by Stepico. www.guildofguardians.com PARTNERS & BACKERS : APEX CAPITAL COINBASE UBISOFT IMMUTABLE SANDBOX etc. icohigh.net www.ubisoft.com ////////// Guild of Guardians is one of the most anticipated blockchain games of 2022 and is built on ImmutableX, the first layer two solution built on Ethereum that focuses on NFTs. Aiming to provide more access, it will function as a free-to-play mobile role-playing game, modeling P2E mechanics. Like blockchain-based games like Axie Infinity, Guild of Guardians game assets can be traded. The project appears to be of interest to many players and investors, with its NFT founder sale and token launch generating nearly $10 million in volume. Launched in October 2021, Guild of Guardians (GOG) tokens are ERC-20 tokens called "gems" in the game. These are the gems that power key features of the game, such as hitting NFTs in-game and interacting with the marketplace, and can be earned while playing. Like blockchain-based games like Axie Infinity, Guild of Guardians game assets can be traded. The project appears to be of interest to many players and investors, with its NFT founder sale and token launch generating nearly $10 million in volume. Launched in October 2021, Guild of Guardians (GOG) tokens are ERC-20 tokens called "gems" in the game. These are the gems that power key features of the game, such as hitting NFTs in-game and interacting with the marketplace, and can be earned while playing. Over the past month, the Guild of Guardians token has seen a fairly stable performance after hitting its all-time high of $2.81 after its launch. Although the token is down more than 50% from its all-time high, at the time of this writing, some community members are looking forward to the possibility of staking and liquidity pools, which are features that tend to help stabilize token prices. ////////// DYOR
Long
by yankfr
6
ImmutableX (IMX) Continued Growth Despite Market Behaviours Unlike other altcoins, the momentum on the IMX chart hasn't been as pronounced, presenting an opportunity for substantial future growth. Since October 19, the asset has increased by 30%, a relatively modest gain compared to other alternative cryptocurrencies. At present, the IMX price is caught between a support zone of $0.608 and $0.632. If the uptrend continues, IMX's price could potentially reach $0.725 and $0.766, levels that were hit during ImmutableX’s surge on September 21. Should the BTC chart depict a downturn, IMX could retest the support zone at $0.560-$0.580, as well as the $0.545 level. These marks may need to be tested as a technical correction before any further increase.
Long
by DEXWireNews
IMX/USDT is Showing Bullish Momentum | Immutable Analysis💎 IMX/USDT is currently navigating a descending channel, with a potential breakout on the horizon. 💎 If this breakout happens, it's poised to catalyze a projected impulsive surge. 💎 Notably, there's a confirmed order block in the shorter timeframe. Due to existing liquidity, the price is anticipated to gravitate toward these levels. 💎 In a previous phase, demand transitioned to supply, leading to a marked price decline and aiming for the prior OB. 💎 In the ever-fluctuating crypto landscape, being updated and flexible is essential. Keep a lookout for further insights and savor your trading voyage.
Long
by MyCryptoParadise_Nathan
IMXUSD Hit the 1D MA200, buy signal if it closes above it.Immutable X (IMXUSD) is trading within a Channel Up pattern for exactly 1 year (since the July 30 2022 High). The price hit today the 1D MA200 (orange trend-line), breaking above the horizontal 0.236 Fibonacci retracement level while reaching the 0.236 Fibonacci Channel level. This is a sequence of Higher Highs, thus a technical uptrend. The last time when all those conditions were met was on January 22 2023 and what followed was an aggressive rally nearly as high as the previous Channel Up top. If the 1D candle closes above the 1D MA200, we will buy and target the 0.786 horizontal Fibonacci level at 1.3850, also at the top of the 0.5 - 0.618 Channel Fib Zone. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:IMXUSDLong
by TradingShot
2
Failed Inverted Head and Shoulders pattern on Immutable(IMX)!!!Immutable has been moving between two 🔴resistance($1.3-$1.8)🔴 and 🟢support zones🟢 for about a year. Also, Immutable failed to execute the Inverted Head and Shoulders Pattern correctly, and it seems that the resistance zone break was accompanied by a 🐻bull trap🐻. I expect Immutable to go down again to the 🟢support zone($0.78-$0.$0.63)🟢. Immutable Analyze ( IMXUSDT ), Daily time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
10
IMX/USDT Main trend (part)Logarithm. Time frame 3 days. The main trend (part). The idea shows the true highs of pumping $9.3172. From the peak, the price has dropped by -95% (acceptable for such altcoin HYIPs). Minimum $0.376. The price is now $0.72 after working off double bottom targets. The price has gone to an important mirror resistance. Schematically, conventionally, showed the potential movement. It is also worth noting that this cryptocurrency is associated with a gaming HYIP, hence, in addition to the market cycle, the price is significantly affected by the real application of this protocol in the gaming industry. ICO — $0.16. It is worth noting that the ICO took place in November 2021. Price $0.16. This is what the trend looks like on the line chart.
by SpartaBTC
35
IMXUSDT - WATCH OUT❗ Trade with CautionHi Traders, Investors and Speculators 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫 A quick look at IMXUSDT. The chart is not looking strong and at this point, it's looking more like a liquidity ruggpull. However, the team and the website has been confirmed to be real and not a scam so it could make a part of a diversified portfolio. The first target being the previous point with the highest volume at $1.8. Even though there is upside potential, I would trade this coin with caution and always remember to use a stop-loss ! _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
Short
by CryptoCheck-
33