$IMX is trading at $0.234 and the 15-minute tape looks like a controlled bid rather than a one-candle spike. The move is modest (+4%), but what matters is how price behaves after the push. If buyers keep the highs and force sellers to fade slowly, that usually points to continuation bias.

The nearby defended support zone is $0.228–$0.231. If IMX keeps holding that area on pullbacks, it signals dip buyers are active and the structure stays constructive. Right now price is consolidating inside $0.232–$0.236, a tight pocket that looks like a pause under supply rather than a reversal.

If momentum expands from this range, resistance targets sit at $0.240–$0.244 first. If that breaks with clean closes, the next upside zone is $0.250–$0.258, where supply typically thickens and the tape either accelerates or stalls.

Bias is bullish while $0.228–$0.231 holds and higher lows continue. The caution level is $0.226. Acceptance below that weakens the trend and turns the structure back into chop, with sellers likely pressing for a deeper reset. Educational analysis only, no trade advice.

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