IMPT Price Prediction as IMPT Blasts Up 35% in 10 Hours – Bigger Pump Incoming?
IMPT, the native cryptocurrency of carbon credit trading platform IMPT.io, has blasted around 35% higher in the last 10 hours and, in doing so, has taken out a number of key levels of resistance. IMPT/USD was last changing hands in the mid-$0.015s, having surged higher from Monday’s closing levels around $0.010. That surge saw IMPT take out of a key area of resistance in the $0.012 area and then another area of resistance in the $0.01550 area.
A positive project update from the CEO of IMPT.io on Monday could have been the trigger for the latest surge in the cryptocurrency’s price. The CEO announced good news in three areas. Firstly, IMPT.io is set to publish its first screenshots of Use Case 1, as well as release further information ahead of the platform’s plans to go live in February.
Secondly, IMPT.io will be releasing a list of the top 500 affiliate brands, as well as its latest additions, later this week. Finally, IMPT’s token will be listed on the Changelly Pro cryptocurrency exchange later this week.
Traders seem to have interpreted the news as bullish for the cryptocurrency. New screenshots and information about the project ahead of its launch in February are likely to boost hype around the project, traders seem to have assumed. Meanwhile, the upcoming launch of the IMPT token on a second major centralized cryptocurrency trading platform is likely to further boost its demand.
Positive fundamentals and technicals could be aligning for IMPT to enjoy a further pump higher. If profit-taking triggers a drop back towards $0.012, bulls could well add to long positions. And with major levels of resistance having already been broken, IMPT’s next stop could be a return to its price at $0.025, which would represent a 70% rally
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