Layer 2 · rank #251

Immutable IMX

$0.1318-0.3% 1d+5.8% 7d+17.6% 30d

Red List Recovering Phoenix · monthly · score 87.5 mixed

Monthly: forming bar is a green 2-Up. Last confirmed swing low 0.09454 (Aug 2026), month 1 of a cycle that has typically run 4.5. Cycle-low confidence 21%.
Weekly: forming bar is a red inside bar. Last confirmed swing low 0.09454 (Aug 2026), week 3 of a cycle that has typically run 5. Cycle-low confidence 44%.
Daily: bar is a red inside bar. Last confirmed swing low 0.1214 (2026-09-04), day 3 of a cycle that has typically run 5. Cycle-low confidence 14%.
Red List: 86% below the 2025-09-19 high; +39% off the 365-day low.
Phoenix: 98% decline over 29 months, monthly swing low confirmed (next-bar), now +39% above the trough; no weekly pullback yet — the entry is the pullback, never the chase.
Gauges: Mayer multiple 0.91 (cheap); -86% vs the 200-week average; -98% from the all-time high.

From the peak to today, log scale

Where it sits in each cycle

a swing low confirms only when a later bar takes out the low bar's high

stopped falling, by the rules

Score 87.5

CoinGecko + DefiLlama, pulled 2026-09-07 .xlsx

Health40 / 100 · Thin

Liquidity (24h volume / market cap) can you get out	15.23 %	15.0 / 15
Supply overhang (FDV / market cap) unlocked supply waiting to sell	2.27 x	5.4 / 15
Size (market-cap rank) survivorship	251 #	3 / 15
Usage (price / annualized fees) fees people actually pay to use it (DefiLlama)	19279.8 x	0 / 20
TVL backing (market cap / TVL) capital parked in it (DefiLlama)	10.49 x	0.0 / 15
Fee momentum (30d vs prior 30d) is usage growing into the recovery	21.1 %	7.1 / 10
Age on Coinbase survived a cycle	4.7 yrs	10.0 / 10

7 of 7 measurable; score renormalized over what was measurable.