IMX, the native token of Immutable, has surged 18% in the last 24 hours, marking a significant rally that has increased its value by over 50% in a week. This price jump is driven by heightened network activity, with daily active addresses hitting a five-month peak of 1,197 on September 18. The bullish trend is further supported by the Moving Average Convergence Divergence (MACD) indicator, which shows the MACD line above the signal line, indicating strong buy-side momentum. If the current momentum continues, IMX could reach a seven-month high of $1.075. However, analysts caution that potential profit-taking could reverse the trend, bringing the price back to support levels around $0.798.