IMX big pump 10% reached an eight-month high, with NEAR and AVAX following closely.

ImmutableX (IMX) recorded a double-digit pump on September 19, reaching an eight-month high, while Near Protocol broke through the short-term resistance trend line, and Avalanche made a strong rebound driven by the integration of PayPal USD (PYUSD). These three major Crypto Assets have become the best-performing assets in the market recovery over the past 24 hours, with technical indicators showing that the upward trend still has room for continuation.

ImmutableX strong pump momentum, targeting 1.5 USD

(Source: Trading View)

As of the time of publication on September 19, the IMX stock price has risen slightly by 10%, continuing its upward trend for the fourth consecutive day. This upward trend has broken through the 50% retracement level of the range from the high of $2.250 on December 4 to the low of $0.335 on June 22, currently at $0.868. This breakout considers the 61.8% Fibonacci level as a direct resistance level of $1.087.

If the IMX pump exceeds this level, it may extend to the 78.6% Fibonacci retracement level of 1.497 USD.

The 50-day Exponential Moving Average (EMA) has crossed above the 100-day EMA, forming a golden cross, further strengthening the bullish sentiment, indicating that the short-term growth rate has surpassed the current trend.

In addition, the technical indicators show that as the Relative Strength Index (RSI) soars into the overbought zone at 83, trend momentum is strengthening. Meanwhile, the Moving Average Convergence Divergence (MACD) and its signal line maintain a parabolic upward trend, with the green histogram bars rising.

Looking down, if IMX fails to hold the 50% retracement level of 0.868 USD, it may lead to a pullback to the 200-day EMA of 0.656 USD.

Near Protocol steadily rises, target price 3.845 USD

(Source: Trading View)

Near Protocol maintains a stable upward trend, breaking through the 200-day moving average at $2.861 and a local resistance trend line (which is formed by connecting the peaks of May 10 and July 21). As of the writing of this article, NEAR has risen over 1% on September 19, up 12% compared to the previous trading day.

The target for the upward trend is the 50% retracement level, which is from the high of $8.244 on December 6 to the low of $1.793 on June 22, currently at $3.845. This means that NEAR has nearly 20% upside potential.

In addition to the breakout, the technical indicators on the daily chart show a bullish tendency, as the RSI has entered the overbought area at 72, and the upward trend of the MACD and its signal line remains stable.

Conversely, if NEAR falls below the 200-day EMA, the breakout rebound will fail and may continue the downtrend to the 50-day EMA at 2.642 USD.

Avalanche integrates PayPal's PYUSD, gaining bullish momentum

(Source: Trading View)

As of the time of publication on September 19, Avalanche has risen by 1%, surpassing Thursday's increase of 10%. With the official integration of PayPal's dollar stablecoin PYUSD into the Avalanche blockchain, AVAX has risen for the fourth consecutive day. This integration is expected to increase Avalanche's user base and liquidity, potentially boosting the demand for its native coin AVAX.

The upward trend has surpassed the 61.8% Fibonacci retracement level of 33.48 USD, which is based on the range from the high of 55.79 USD on December 4 to the low of 14.66 USD on April 7. The target for AVAX's rebound is the 78.6% Fibonacci retracement level of 41.91 USD, serving as direct resistance, indicating there is still room for further upward movement.

In addition to the price trend, with the RSI entering the overbought area at 79, Avalanche's momentum is also strengthening. Furthermore, the MACD indicator shows that the green histogram bars are continuously rising, and the moving average is showing a stable upward trend.

The downside is that if AVAX breaks below $33.48, the decline may extend to the 50% retracement level of $28.60.