Altcoins to Watch: IMX, MBG, and BNB in Early August 2025

Altcoins to Watch in Early August 2025

The cryptocurrency market faces potential volatility as it enters August 2025. This analysis focuses on three altcoins—Immutable (IMX), MBG, and BNB—that could offer opportunities amidst market fluctuations.

Immutable (IMX)

Immutable's IMX token is currently priced at $0.502, reflecting broader market bearishness. A key support level lies at $0.497, which could provide a foundation for recovery. If this support holds, IMX might target a rise toward $0.548.

Token Unlock Impact

An upcoming token unlock will release 24.52 million IMX, valued at $12.4 million. Token unlocks often lead to price declines, but IMX's current low price may attract buyers, potentially offsetting the increased supply. Failure to attract demand could see the price fall below $0.497, targeting $0.470 or lower.

MBG By Multibank Group (MBG)

MBG, a recently launched cryptocurrency, has rapidly gained traction. Its market capitalization has reached $212 million in under two weeks.

Key Market Indicators

Positive capital inflow into MBG suggests investor confidence. Continued demand could drive MBG back to its all-time high of $3.09, roughly 26% above its current price. Maintaining support at $2.45 is crucial for sustained upward movement. However, increased selling pressure could prevent MBG from holding $2.45, potentially leading to a drop to $1.99 or lower.

BNB

BNB reached a new all-time high (ATH) of $861 in late July, before falling to $736. Currently trading at $759, bullish signals indicate a potential recovery.

Price Targets and Support

BNB is currently 13.5% below its ATH. Breaking through resistance levels at $793 and $823 could pave the way to retesting the ATH. Holding the $766 support level is vital for maintaining upward momentum. Failure to hold $766 could result in a decline to $736 or lower, potentially signaling a bearish reversal.