U.S. September CPI Falls Short of Market Predictions
CPI Report Overview: The U.S. September core CPI increased by 0.2%, falling short of the expected 0.3%, which may lead to recalibrations in economic forecasts and impact investor behavior in the crypto market.
Market Reactions: Following the CPI announcement, Binance experienced significant inflows of $33 million in USDT, indicating active investor engagement and potential anticipation of market adjustments.
Crypto Volatility Expectations: The deviation in CPI figures is expected to heighten market volatility, as past discrepancies have often led to notable trading activity spikes in the cryptocurrency sector.
Regulatory Implications: Financial insights suggest that the underperformance of the CPI could prompt regulatory adjustments and altered fiscal strategies, impacting the broader economic landscape.
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Technical Analysis for IMX
Technical Sentiment Analysis for Immutable (IMX). As of , Immutable (IMX) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for IMX stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, IMX is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Immutable (IMX) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.117 | 0.132 | 0.148 | 0.162 | 0.179 | 0.193 | 0.209 |
| Fibonacci | 0.132 | 0.144 | 0.151 | 0.162 | 0.174 | 0.181 | 0.193 |
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