Crypto Surge Alert: PUNDIX, FTT, IMX, EOS Rally in Last 6 Hours
PUNDIX +18.14%
Pundi X (PUNDIX) has recently experienced a significant price surge of over 32%, supported by a strong trading volume of approximately 93 million. This breakout pushed the token through key resistance levels, signaling bullish momentum in the market.
#PUNDIX is a blockchain-based project focused on enabling retail adoption of cryptocurrencies through point-of-sale solutions and decentralized finance applications. The recent surge reflects renewed investor confidence and growing interest in its ecosystem as Bitcoin regains strength.
Given the strong volume and clean breakout, PUNDIX is likely to continue its upward trajectory in the short term. However, traders should watch for potential resistance around previous highs before targeting further gains.
FTT +16.77%
The FTX Token (FTT) saw a volatile period with a massive 60% surge driven by speculation around FTX’s $16 billion repayment plan. However, following court acceptance of this plan, selling pressure increased, causing a 7.2% drop within 24 hours after the initial spike.
#FTT is the native token of the FTX exchange, which has been undergoing bankruptcy proceedings and creditor repayments. The token’s price movements are closely tied to developments in the repayment process and legal outcomes.
While repayments could fuel future price rallies, the recent volatility suggests caution. The token may experience further fluctuations as market participants digest ongoing legal and financial updates.
IMX +6.02%
ImmutableX (IMX) has rebounded strongly with a 10% rally, climbing from $0.55 to above $0.60 amid renewed retail investor interest. The broader cryptocurrency market capitalization also rose by over 2%, supporting this momentum.
#IMX is an Ethereum layer-2 scaling solution focused on NFT marketplaces and gaming applications, aiming to provide gas-free transactions. The recent breakout candle indicates bullish sentiment as IMX approaches resistance levels near $0.65.
If IMX maintains its current support levels, it could retest and potentially break through resistance around $0.65. Continued upward movement is probable unless broader market conditions deteriorate.
EOS +5.98%
EOS has shown modest gains of around 1.6% in the last 24 hours, with its circulating supply at approximately 1.56 billion tokens out of a total supply of 2.1 billion. The price currently hovers near $0.68.
#EOS is a blockchain platform designed for decentralized applications with a focus on scalability and usability. Its steady price increase suggests gradual accumulation amid stable market conditions.
The incremental rise indicates potential for further moderate gains if demand sustains; however, without significant catalysts, EOS may consolidate near current levels before making a decisive move.
