Today My crypto Alert - 29th August,2024

Hello, everyone.
I am a crypto analyzer. Everyday I try to share some crypto coin. If anyone want to follow my signal, you can. I think you can be benefited from my signal. So now I am sharing the result of my analysis...

#IMX/USDT ANALYSIS

IMX is currently consolidating within a descending channel, with price action attempting to break through the resistance trendline. The 100-day moving average is positioned just above the channel, acting as an additional resistance level.

A decisive breakout from the channel, coupled with a move above the 100MA, would serve as strong bullish confirmation. Traders should monitor this closely, as a successful breakout could signal a shift in momentum.