<ul data-eligibleForWebStory="true"><li>Immutable (IMX) is facing selling pressure leading up to a token unlock event later this week, adding 24.52 million IMX to the circulating supply.</li><li>The project has scheduled multiple unlock events throughout 2025 as part of its token release strategy.</li><li>IMX is currently trading at $0.5238, down 4.78% in the last 24 hours, with a history of downward trends.</li><li>The asset is approaching a critical zone at $0.51, which has historically influenced price movements and acted as a resistance.</li><li>Short-term traders might find an entry opportunity amidst the selling pressure, watching for support levels, trading volume, and market sentiment post-unlock.</li><li>RSI and MACD indicators suggest that selling pressure may be easing, with signs of exhaustion among bears.</li><li>IMX could stabilize above $0.51 and potentially test resistance levels at $0.60 and $0.71 with the right market conditions.</li><li>Traders are advised to watch for consolidation above $0.51, target prices at $0.57 and $0.71, and set stop-loss levels below $0.51 for risk management.</li></ul>

IMX Token Unlock Looms — Will $0.51 Hold or Break?

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