Immutable (IMX) fell 12% in a day, breaking the $0.12 and $0.11 levels before rebounding slightly from a low of $0.106. Selling pressure was reflected in a 218% increase in trading volume and daily turnover of $5.06 million. On derivatives markets, perpetual contract sell volume reached $41 million, compared with $39 million for buys, while open interest declined 8.4% to $16.7 million. Net token withdrawals to off-exchange wallets reached $400,000, easing immediate selling pressure. The RSI fell to 26, and the bearish crossover in the Relative Vigor Index confirms a strong downtrend that could push IMX back toward $0.10 if the risk-off sentiment persists.
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