Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more
While the general crypto market continues to nosedive, the IoTeX token has continued to record gains. As a result, it stands out as the only coin on today’s list of daily crypto movers. More details about price movement in this market are outlined below.
IOTX Statistics
Current Price: $0.2865
Market Capitalization: $271.41M
Circulating Supply: 9.44B
Total Supply: 10B
CoinMarketCap Rank: 165
Key Price Levels
Resistance: $0.3000, $0.3500, $0.4000
Support: $0.2500, $0.2000, $0.1500
IOTX Stays Above Limits
The IoTeX daily chart shows that bulls have recently gained more traction in the market. Interestingly, this has occurred during a broader market downturn. The latest red price candle still stands above the upper band of the Bollinger Bands (BB) indicator, signaling underlying strength.
Meanwhile, the Stochastic Relative Strength Index (SRSI) lines are pointing sharply upward, despite the red candle. Therefore, this aligns with the broader bullish trend currently seen in this market.
IoTeX Bulls Hold Strong (4-Hour Chart)
Looking at the IOTX market on the 4-hour chart, price action has undergone a modest two-session downward retracement. Nevertheless, the BB indicator remains well-expanded and maintains a generally upward trajectory.
The SRSI indicator is reacting to the minor pullback in price action. However, the overall trend remains intact, as price continues to hold above the midline of the BB indicator. Therefore, traders can still target the $0.3000 price level in the near term.
Make money without lifting your fingers: Start trading smarter today
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.
