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IoTeX Price Analysis: IOTX Coin Gains 55% Within a Week

  • The IOTX coin price flies above the 55-EMA and gets rejected from the mark of $0.25 during intraday.
  • The 24-hour trading volume is at $3,639 Billion.
  • IOTX/BTC pair is trading positive by 46.2% at 0.00000309 BTC.

Moving Average (EMA) In the IOTX coin daily price chart containing 8,13,21,55 EMA, it is a reliable support for currency price movements. Investors can find that price moves above the yellow line and guarantee an uptrend for IOTX as long as prices are above the moving average.

The volume (1.664 B) is above the 20-day moving average (1.818 B). The volume is high, so the cost is spiking for several days. Investors may also mark a decrease in volume. This indicates that unusual changes are normal on the following trading days.

IOTX Coin Price Got Rejected From The Resistance Zones

The daily price chart of IOTX coin is on the rise. Depending on the price movement, the support range is $0.10. On the flip side, the resistance area you should be looking for is $0.25.

The RSI showed a signal of 72 (bullish) with a short-term buy sign. Investors may find that the indicator’s RSI line is sloping upwards. A rise can happen on future trading days.

The MACD shows a (bullish) cross above the signal line on October 31, indicating a buy signal for the currency. In addition, investors can see huge green bars in the histogram indicator.

Conclusion

IoTeX price today is $0.194876, with a 24-hour trading volume of $3.636,140.616. IOTX prices have increased 43.2% over the past 24 hours. It currently has a supply of 9.5 Billion IOTX coin and a total of 9.5 Billion.

RSI and MACD indicate a buy signal. Traders have directed moderate volume. In fact, the cost got rejected from the resistance zone. A market overview also shows that this pattern will continue to plunge in the coming trading days.

Resistance Level: $0.25

Support Level: $0.10

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Nikhil Ingole: Mr, Nikhil Ingole is a Chief Editor at The Market periodical with over five years of technical analysis & trading experience in Forex and Crypto. As a commerce graduate, he has taken a keen interest in blockchain's future potentials in the financial industry. A keen cryptocurrency enthusiast, he is very supportive of new media projects, pioneer ideas and the Bitcoin community. He possesses strong technical, analytical skills and is well known for his financial market's informative analysis. Other than crypto, Nikhil Loves to watch his favorite football team and keep up to date with the latest Formula 1 racing.