IMX Price Action Near Support Sparks Potential Reversal or Breakdown

The current price of IMX hovers around $0.545, near a possible pullback zone. Slightly lower, there is a strong support level around $0.515, from which a bounce may occur. **Bullish scenario:** Accumulation could happen above current levels; breaking and stabilizing above $0.66 might push the market towards the liquidity zone of $0.72–$0.76. In this zone, there's a high chance of a reversal or a false breakout followed by a decline. **Bearish scenario:** Breaking the support at around $0.515 could open the way to the lower demand area of $0.47–$0.49. If the rally to $0.66 shows signs of weakness, a sharp reversal downward might occur, indicating possible market manipulation. While the price tests the response zone and might show a short-term rebound, the overall trend remains bearish. The low volatility suggests that a significant movement could be on the horizon.