IMX Technical Review – 23 February 2026: Market Framework

IMX Market Structure

The IMX chart displays a series of lower highs and lower lows, confirming a downtrend. A breach of the $0.1603 swing low would validate the continuation of the bearish move. Conversely, a break of structure (BOS) above $0.1769 would indicate a potential shift in the market’s direction.

BTC Downtrend Impact

The ongoing Bitcoin downtrend adds additional downward pressure on IMX, supporting the prevailing bearish outlook.