IMX closed the week with a 1.97% decline in a narrow range ($0.25-$0.26), maintaining its bearish trend structure; the attempt to hold at critical supports entered a risky accumulation phase test under BTC’s downtrend pressure.
IMX in the Weekly Market Summary
IMX stabilized at the $0.25 level last week, sustaining its bearish primary trend. The weekly change of -1.97% showed calm consolidation, but the $10.43M volume profile reflects low participation. RSI at 44.14 indicates neutral-bearish momentum, with MACD’s negative histogram reinforcing trend pressure. Price, unable to hold above EMA20 ($0.26), hit the $0.32 resistance filter. In the big picture, IMX as a laggard from altcoin rallies is under pressure from rising BTC dominance; for position traders, support tests will distinguish between trend reversal signals or distribution traps.
Trend Structure and Market Phases
Long-Term Trend Analysis
The long-term outlook is bearish; the higher low structure is broken on weekly and monthly timeframes, with price approaching the lower band of the main downtrend channel after a 70%+ drop from 2025 highs. Market structure remains intact with lower highs (well below $0.4344 target) and bearish EMA stacking. The trend filter gives a bearish signal, while $0.2462 support score (65/100) marks the first line of defense. In the macro cycle context, BTC’s downtrend supertrend keeps altcoins out of the system; IMX’s long-term recovery seems unlikely without BTC stabilization. From a portfolio management perspective, long positions are risky in this phase, with short bias dominant.
Accumulation/Distribution Analysis
The market phase shows accumulation characteristics with low-volume range, but the absence of bearish MACD and RSI divergence raises distribution risk. Volume profile has formed a POC (Point of Control) around $0.25, but buying pressure is weak. Accumulation phase features (stable support tests) are observed in the $0.2462-$0.2320 band, but with no strong resistance (score <60), upside capacity is limited. Distribution patterns emerging: weekly doji-like candles and BTC correlation—seller exhaustion or trap? For strategic depth, accumulation confirmation requires volume increase and RSI >50 condition.
Multi-Timeframe Confluence
Daily Chart View
On the daily chart, no bullish confluence with 3 strong supports (score >60); price maintains bearish structure below EMA20 ($0.26). $0.2462 daily low confluence (65/100), critical with double bottom potential at $0.2320. Momentum is bearish, but oversold approach (RSI 44) could trigger short-covering rally. For detailed IMX spot analysis, monitor daily data for range breakout.
Weekly Chart View
In the weekly perspective, 1S/2R breakdown: bearish channel lower band ($0.2150 score 65) confluence keeps downtrend intact. $0.4344 upside objective distant (score 31), $0.0680 downside risk (22) with asymmetric R/R bearish. Multi-TF 5 strong levels (1D:3S/0R, 3D:1S/2R, 1W:1S/2R) support-heavy, but high-TF resistances ($0.32+ implied) block upside. Confluence makes $0.2462 breach a trend acceleration signal.
Critical Decision Points
Main supports: $0.2462 (primary, 65/100 – breach confirms downtrend), $0.2320 (61/100 – double bottom), $0.2150 (65/100 – main channel). No resistance (no >60 score), implied at $0.26 EMA20 and $0.32 trend filter. Inflection point $0.2462: hold signals accumulation, break signals distribution. IMX futures market data critical for confirming these levels with volume increase. BTC $88,400 breach triggers cascade in IMX.
Weekly Strategy Recommendation
In Bullish Case
Bullish scenario: $0.2462 hold + volume spike > $15M with $0.26 EMA20 breakout. Target $0.32 (trend filter), extension $0.4344. Entry on $0.25 dips, stop below $0.2450. R/R 1:3+, BTC $91k+ confluence required. Position sizing 2-3% portfolio, trailing stop at EMA20.
In Bearish Case
Bearish scenario: short activate on $0.2462 close below, target $0.2320-$0.2150, extreme $0.0680. Entry on $0.2460 breach, stop above $0.25. R/R 1:4+, BTC $88k breach confirmation. Monitor correlation for IMX and other analyses; aggressive shorts 5% allocation.
Bitcoin Correlation
BTC at $89,782 in downtrend (24h +0.32% but supertrend bearish), suppressing IMX; altcoin caution mode. BTC key supports $88,400/$86,634 breach breaks IMX $0.2462, high cascade risk. Resistances $91,192+ breakout supports IMX accumulation. Rising dominance strengthens IMX short bias; longs risky without BTC stabilization. Position traders watch BTC $84k bottom as IMX downside trigger.
Conclusion: Key Points for Next Week
Next week focus: $0.2462 support test and BTC $88,400 movement. Volume >$15M + RSI rebound confirms accumulation, breach opens path to $0.2150. Trend intact as long as $0.2462 holds; adjust positions accordingly at this inflection. In the macro cycle, altcoin recovery tied to BTC leadership, cautious stance dominant.
This analysis uses Chief Analyst Devrim Cacal’s market views and methodology.
Source: https://en.coinotag.com/analysis/imx-weekly-analysis-24-january-2026-market-structure-and-strategic-outlook
