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The IoTeX market has seen a notable upward bounce today, placing the token as the second most profitable coin on the list at the time of writing. Trading indicators are also hinting at the possibility of further upward movement in this market.
IOTX Market Statistics
Current Price: $0.02436
Market Capitalization: $229.11M
Circulating Supply: 9.44B
Total Supply: 9.44B
CoinMarketCap Rank: 199
Key Price Levels
Resistance: $0.02500, $0.03000, $0.03500
Support: $0.02400, $0.02000, $0.01500
IoTeX Market Edges Past a Promising Technical Mark
The IOTX market has registered a 4.38% price increase. As such, the ongoing session has risen above the 9-day Exponential Moving Average (EMA) curve.
The corresponding price candle for the current session is a long green candle that pierces through the resistance at the 9-day EMA curve. This implies that bullish momentum may continue to build at this point.
Similarly, the Stochastic Relative Strength Index (SRSI) indicator lines are merged but maintain an upward trajectory. This further confirms that bullish forces are maintaining a strong grip on the market.
IOTX Bulls Look Energetic
Examining the IoTeX market on the 4-hour chart reveals that bullish forces remain strong. Price activity shows convincing progress above the 9-day EMA curve on this chart.
The corresponding price candle for the current session is a large bullish candle positioned directly above the EMA line.
Meanwhile, the SRSI indicator has just delivered an upside crossover near the 80 mark. The indicator lines continue to trend upward, suggesting a potential continued move toward the $0.02600 price level.
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