IMX is trading above the support zone of $0.568 and below the trendline resistance. As long as it is above the support zone, we could start seeing a move towards $0.650 and $0.709 which is the key resistance area. If $0.709 gets broken, IMX will break out of the bearish trend and quickly move towards $0.789, $0.915, $1.048 and $1.129.
Failure to hold the support at $0.568 could lead to a drop towards $0.530 and $0.418.
Failure to hold the support at $0.568 could lead to a drop towards $0.530 and $0.418.