The post IMX Weekly Analysis Mar 1 appeared on BitcoinEthereumNews.com.
IMX, with a weekly 2.04% decline, is consolidating in a narrow range at the 0.16$ level, while the main downtrend maintains its dominance. Efforts to hold at critical supports signal a possible accumulation phase, but Bitcoin’s downward momentum continues to pressure altcoins. Weekly Market Summary for IMX IMX traded in the 0.16-0.17$ range with a 2.04% decline last week, reflecting the overall downtrend in market structure. Volume profile remained low at 6.19 million$, and momentum indicators are giving mixed signals: RSI at 40.88 is hovering in the neutral zone, while the MACD histogram shows positive divergence. Remaining below the short-term EMA20 (0.17$) strengthens the bearish short-term filter. The market is moving in parallel with Bitcoin’s downtrend in the broader macro context, with altcoin rotation remaining limited. This week, critical support tests will be in focus for the detailed IMX spot analysis. Trend Structure and Market Phases Long-Term Trend Analysis Market structure clearly maintains the long-term downtrend, with a series of lower highs and lows evident on the weekly chart. The main trend filter is bearish, and the 0.21$ resistance forms a strong upper boundary. On higher timeframes (1W/1M), IMX’s decline of nearly 80% from 2025 highs signals the completion of the distribution phase and a potential transition to base formation. However, an upside confirmation is required to break the trend: EMA50/200 crossover remains below, and the rule ‘trend intact as long as below 0.21$’ holds. In the macro cycle context, gaming/metaverse tokens like IMX may react with a delay during the transition from crypto winter to spring rotation, but a cautious approach dominates the current phase. Accumulation/Distribution Analysis The low-volume consolidation in recent months exhibits accumulation phase characteristics: Price is moving sideways in the 0.1521-0.1624 range, with the volume profile POC concentrated around 0.16$. No distribution patterns are emerging; on…