Market Analysis: Immutable Current State

I've been watching Immutable lately, and there's a lot to unpack here. Let me break down what's been happening and what the data is telling us.

📈 Current Price Action

The price sits at $0.18 right now, with 2.44% movement in the last 24 hours. We're seeing bearish pressure over the past week. The monthly chart shows significant correction from recent highs.

Immutable price movement over the last 7 days

💰 Market Metrics

Market cap stands at $151.67M, placing it at rank #224. With $18.96M in 24h volume, we're looking at healthy trading.

Metric	Value
Current Price	$0.18
24h Change	-2.44%
7d Change	-22.79%
30d Change	-32.46%
Market Cap	$151.67M
24h Volume	$18.96M
Market Rank	#224

🪙 Supply Dynamics

There are $834.42M coins in circulation out of a maximum supply of $2.00B (41.72% circulating). A significant portion is still locked, which could affect future supply dynamics.

📊 Historical Context

The all-time high was $9.52, and we're currently 98.09% below that level. The all-time low sits at $0.17, which means we're 5.34% up from the bottom.
That's a significant discount from ATH, which could present opportunity - or suggest fundamental changes in the project's prospects.

🤔 My Take

Looking at the underlying metrics, Immutable is in a consolidation phase. The fundamental metrics show room for growth if fundamentals improve.

Remember, higher volatility means higher risk. Position sizing is crucial.

🎯 Final Thoughts

And that's my current read on Immutable. Numbers don't lie, but they also don't predict the future. What's your perspective on this project?

---

This is not financial advice. Always do your own research before making investment decisions.