Immutable's IMX token soars above $2, reaching a 600-day high

Immutable's IMX token has experienced a significant price surge since October, culminating in a new yearly high of $2.07.

This marks the first time IMX has reached this price level in over 600 days, showcasing a notable market recovery.

The token's rapid increase of 300% in just 56 days demonstrates strong market momentum without any major retracements.

IMX successfully broke out from a critical horizontal resistance area, which previously halted its progress in March.