Cup Pattern Targets $0.35 As IMX Clears 50 EMA

• Immutable surges 5.34% to $0.2921, breaking above the 20 and 50-day EMAs as buyers defend the December low at $0.215.
• A cup pattern on the hourly chart targets $0.35, aligning with the 100-day EMA resistance zone.
• Q1 2026 roadmap catalysts including zkEVM general availability and Passport Dashboard launch support the recovery thesis.

Immutable price today trades near $0.2921 after posting a 5.34% gain to break above the 50-day EMA. The move marks the first close above this level since October, shifting short-term momentum toward buyers as a bullish pattern develops on lower timeframes.

Buyers Defend The December Low

The recovery builds on a successful defense of the $0.215 support tested on December 19. That level marked the lowest price since early 2024 and attracted buyers who have now pushed IMX up 35% from the bottom.

NFT sales volume on the Immutable platform surged 37.41% recently to $88.29 million, suggesting that ecosystem activity is recovering alongside price. When on-chain metrics improve with price, rallies tend to have stronger follow-through.

The token unlock schedule ended in 2025, removing a persistent source of selling pressure that weighed on price throughout last year. With all 2 billion tokens now circulating, supply dynamics shift in favor of holders.

Cup Pattern Forms On The Hourly Chart

The hourly timeframe shows a textbook cup formation developing since January 6. Price carved a rounded bottom between $0.24 and $0.30, with the right side of the cup now testing the neckline resistance.

The pattern projects a measured move toward $0.35 if the breakout confirms. That target aligns with the 100-day EMA at $0.3513, creating a confluence zone that will determine whether this rally extends or stalls.

Supporting indicators favor continuation. RSI sits at 64.22, showing bullish momentum without reaching overbought territory. MACD remains above the signal line with a positive histogram, confirming that buyers control short-term direction.

A daily close above $0.30 would validate the pattern and open the path toward the measured target.

Daily Structure Still Faces Heavy Resistance

Despite the short-term strength, the daily chart shows how far IMX remains from reclaiming its macro trend. Price trades 74% below year-ago levels and has spent 69 consecutive days under the 200-day EMA.

The EMA stack reflects the damage:

• Immediate support: $0.2887 (50 EMA)
• Secondary support: $0.2707 (20 EMA)
• First major resistance: $0.3513 (100 EMA)
• Trend resistance: $0.4549 (200 EMA)
• Supertrend support: $0.2344

The gap between current price and the 200 EMA at $0.4549 represents a 55% move. Bulls need to clear multiple resistance levels before the macro trend shifts from recovery to reversal.

The Supertrend indicator flipped bullish at $0.2344 during the December recovery and continues to support the short-term bid. As long as price holds above this level, the structure favors higher lows.

Q1 Roadmap Provides Catalyst Pipeline

Immutable’s 2026 roadmap offers fundamental support for the technical setup. Several releases scheduled for Q1 could drive renewed interest in the token.

The zkEVM general availability launch opens full chain access to all developers, expanding beyond the current waitlist phase. The Passport Dashboard introduces integrated on-ramps and bridging designed to reduce friction for mainstream gamers.

ERC-1155 orderbook support expands NFT liquidity across marketplaces, while the upcoming Unreal Engine SDK targets AAA game studios looking for native Web3 integration.

These catalysts address Immutable’s core value proposition as gaming infrastructure. Execution on the roadmap could attract capital rotation from investors seeking exposure to the Web3 gaming narrative.

Outlook: Will Immutable Continue Higher?

The setup favors bulls in the short term, but the macro structure requires patience. A cup breakout could drive price toward $0.35, though resistance will intensify as IMX approaches the 100 EMA.

• Bullish case: A close above $0.30 confirms the cup pattern and targets $0.35. Clearing the 100 EMA with volume opens $0.40 and a test of the 200 EMA at $0.4549.
• Bearish case: Rejection at $0.30 sends price back to test $0.27. Losing the 50 EMA invalidates the breakout and exposes $0.23 Supertrend support.

Immutable shows the first signs of trend repair since October. The next move depends on whether buyers can convert the cup breakout into sustained momentum above $0.30.