As the third quarter comes to a close, the crypto market is showing signs of a bearish trend. However, upcoming network developments for Conflux (CFX), Ondo (ONDO), and Immutable (IMX) could impact their price trajectories.
Conflux (CFX)
Conflux is preparing for its Conflux 3.0.1 hardfork upgrade this week, which includes the significant CIP 156 improvement. Historically, such network upgrades can be bullish catalysts. If the community reacts positively, CFX could rebound from its $0.178 support level and potentially break through the $0.196 resistance. However, if the upgrade fails to generate positive momentum, the price could drop below $0.178.
Ondo (ONDO)
ONDO is currently facing a mild bearish trend after a Death Cross formed on its moving averages. Despite this, the token is anticipating a major announcement on September 3, with hints that the project is "Going Global." A positive announcement could help ONDO bounce back from its $0.873 support and possibly reach $1.076. Conversely, if the bearish trend continues, ONDO risks falling to $0.800.
Immutable (IMX)
IMX has been on a downward trend and is currently testing a critical support level at $0.498. While the Ichimoku Cloud suggests a potential for bullish momentum, investors should be cautious. A large unlock of 24.52 million IMX tokens (worth over $12 million) is expected soon. This influx could create significant selling pressure, potentially pushing the price down to $0.470. If market demand is strong enough to absorb the new supply, IMX could stabilize and possibly push past $0.548.
September 2025, Cryptoniteuae