Technical Analysis: Gamestop Partnership Sends IMX 35% Higher – Market Updates Bitcoin News

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IMX climbed by over 35% today, following it partnership with Gamestop

Immutable X avoided Thursday’s red wave, and was one of this week’s biggest crypto gainers, following news of a partnership with Gamestop. IMX climbed by over 35% today, with QNT also extending recent gains. As of writing, crypto markets were almost 4% lower.Despite the bearish pressure on crypto markets this Thursday, there were a few big movers during the course of today’s trading session.

As of writing, IMX was trading over 30% on Thursday, after news broke of a partnership with Gamestop, which would see the two link to build a NFT marketplace. Looking at the chart, price initially rallied beyond resistance of $3.00, before blowing past the $3.79 ceiling, hitting an intraday high of $4.25 thereafter.Although the gain has somewhat eased, late entrants may still attempt to get in on the swing, and this could see further surges.Although there were many bears present in today’s session, you had to scroll to the very bottom of the top 100 to find Thursday’s biggest.

 

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