Foreign media reports that the immutable token IMX has been trading within a weekly descending wedge since early 2026, with the price currently near the lower edge of the pattern. The article argues that months of consolidation often amplify subsequent volatility, thus the market is beginning to refocus on IMX's next move.

Whale trading continues to increase

Besides price patterns, large on-chain transactions have also become a key focus. The article mentions that since the beginning of 2026, the number of whale transactions exceeding $100,000 and $1 million has increased. This typically indicates increased activity from large holders.

Meanwhile, the flow of funds from IMX on exchanges has also changed. The report cites observations showing that for most of 2026, outflows from exchanges exceeded inflows, which the market generally interprets as a signal of holders transferring assets rather than a concentrated sell-off.

$0.44 becomes a key resistance level

From a technical perspective, the most closely watched resistance level is currently around $0.44. The article argues that only a clearer breakout above this level could open up new upside potential for the IMX.

If the breakout holds, the market's next target will be $1, followed by the $2 area. This range roughly corresponds to the upper edge of the wedge, which is also the main observation range given in this article.

The market is still waiting for confirmation.

However, the IMX remains in a consolidation phase until the price truly breaks through key resistance levels. The article's core assessment is that while whale activity and net outflows from exchanges have increased attention, whether the trend has strengthened still depends on whether the price can achieve a breakout.