Immutable IMX
IMX cycle analysis · chart, confirmed lows and fundamentals
Amber List Recovering Phoenix · monthly · score 65 mixed
73.1% below its 365-day high of $0.5700 (2025-10-27), +62.2% off the 365-day low. Snapshot 2026-10-21 UTC.
On the Amber List.
73% below its rolling 365-day high, 359 days after the high.
Recovering: a monthly swing low has confirmed. The badge coexists with the tier; it is not a completed recovery.
Phoenix monthly: stopped falling by the rules, +62.2% above the Aug 2026 trough. Details below.
Since the previous scan.
Tier, recovering badge and Phoenix state are unchanged between these two observations.
Comparing 2026-10-20 with 2026-10-21 UTC. Classification, not price returns.
Recorded timeline →Where it sits in each cycle
a swing low confirms only when a later bar takes out the low bar's highMonthly
- Last bars
- 2Dr 2Dr 2Dg 2Ug 2Ur
- Confirmed low
- $0.0945 · 2026-08-31
- Position
- 2 of median 4.5 (max 11)
- Current low
- $0.0945 · confirmed
- Cycle-low confidence
- 21%
- Confirmed lows
- 11
Weekly
- Last bars
- 2Ug 2Ur 2Ug 2Dr 1g
- Confirmed low
- $0.1143 · 2026-09-20
- Position
- 5 of median 5 (max 20)
- Current low
- $0.1458 · unconfirmed
- Confirms above
- $0.1940
- Cycle-low confidence
- 41% · in band
- Confirmed lows
- 42
Daily
- Last bars
- 2Dr 2Dr 1g 2Ug 1r
- Confirmed low
- $0.1458 · 2026-10-18 (daily)
- Position
- 3 of median 5 (max 18)
- Current low
- $0.1458 · confirmed
- Cycle-low confidence
- 25%
- Confirmed lows
- 318
The full read, in sentences
- Monthly: forming bar is a red 2-Up. Last confirmed swing low 0.09454 (Aug 2026), month 2 of a cycle that has typically run 4.5. Cycle-low confidence 21%.
- Weekly: forming bar is a green inside bar. Last confirmed swing low 0.1143 (Sep 2026), week 5 of a cycle that has typically run 5. Current low 0.1458 is unconfirmed — it confirms above 0.194. Cycle-low confidence 41%.
- Daily: bar is a red inside bar. Last confirmed swing low 0.1458 (2026-10-18), day 3 of a cycle that has typically run 5. Cycle-low confidence 25%.
- Amber List: 73% below the 2025-10-27 high; +62% off the 365-day low.
- Phoenix: 98% decline over 29 months, monthly swing low confirmed (next-bar), now +62% above the trough; first weekly pullback after the low confirmed 2026-09-27 (trigger 0.1452).
- Gauges: Mayer multiple 1.06 (neutral); -84% vs the 200-week average; -97% from the all-time high.
Has Immutable bottomed?
A confirmed swing low is evidence of a price pattern, not proof of a final market bottom. Here is what the IMX snapshot records on 2026-10-21 UTC:
Monthly: the last confirmed swing low is $0.0945 from 2026-08-31. The current candidate is marked confirmed. The latest monthly bar is still forming.
Weekly: the last confirmed swing low is $0.1143 from 2026-09-20. A newer candidate at $0.1458 is unconfirmed; its confirmation level is above $0.1940, provided the candidate low is not undercut first. The latest weekly bar is still forming.
Daily: the last confirmed swing low is $0.1458 from 2026-10-18. The current candidate is marked confirmed.
How bottom confirmation works. Cycle-low confidence is a heuristic score, not a calibrated probability of a profitable trade.
How far is Immutable below its high?
The Coinbase price snapshot is 73.1% below its rolling 365-day high of $0.5700 from 2025-10-27. Separately, CoinGecko reports -98.4% relative to its all-time high of $9.52 in the fundamentals snapshot pulled 2026-10-21.
Different sources and observation times can produce different drawdowns. Compare crypto drawdowns and reference highs.
The recorded history
scan observations, not exact transition timesFirst observed 2026-09-19. 33 observations; absence from a captured scan is unmatched, never recovery.
- First observed: Amber List; recovering · Phoenix monthly
Phoenix
stopped falling, by the rules- Peak
- $3.76 · Mar 2024
- Trough
- $0.0945 · Aug 2026
- Decline
- -97.5% over 29 months
- Above trough
- +62.2%
- Monthly
- confirmed (next-bar) · trigger $0.1359
- Weekly
- confirmed (late (2 bars))
- False bottom
- $0.1291 · Feb 2026 (3 higher highs, then undercut)
- Entry
- pullback #1 low $0.1143 confirmed 2026-09-27 · trigger $0.1452
| decline | 30 |
| confirmation | 25 |
| earliness | 0 |
| stale | 0 |
| false bottom | 10 |
| bluechip | 0 |
Fundamentals
| Liquidity (24h volume / market cap) can you get out | 12.01 % | 15.0 / 15 |
| Supply overhang (FDV / market cap) unlocked supply waiting to sell | 2.21 x | 5.9 / 15 |
| Size (market-cap rank) survivorship | 214 # | 3 / 15 |
| Usage (price / annualized fees) fees people actually pay to use it (DefiLlama) | 18616.7 x | 0 / 20 |
| TVL backing (market cap / TVL) capital parked in it (DefiLlama) | 14.84 x | 0.0 / 15 |
| Fee momentum (30d vs prior 30d) is usage growing into the recovery | 62.7 % | 10.0 / 10 |
| Age on Coinbase survived a cycle | 4.9 yrs | 10.0 / 10 |
7 of 7 measurable; score renormalized over what was measurable.
- Market cap
- $165.2M
- Fully diluted
- $365.2M
- 24h volume
- $19.8M
- Circulating
- 904,472,049 of 2,000,000,000 max
- All-time high
- $9.52 · 2021-11-25 (-98.4%)
- TVL
- $11.1M (chain)
- Fees 30d
- $729
- Revenue 30d
- $0
- Fees 1y
- $14.4K
- Mayer multiple
- 1.057 · neutral
- vs 200-week avg
- -83.5%
- Pi cycle
- 0.371
- On Coinbase since
- 2021-12-09 (1778 bars)
- CoinGecko id
- immutable-x check
Continue your cycle research
How to read a crypto cycle chart · Calculation rules and sources