- IOTX token prices made three bullish engulfing candles and rises more than 300%.
- The token price moves significantly higher than the 200-day EMA moves above the price.
- The pair IOTX/BTC trades with a rise of +14.09% at 0.000002407 BTC.
As the demand increased suddenly, the IOTX token’s price broke various key resistance levels instantly without any friction. As a result, the coin price surged more than 300% within 72 hours.
Since the bullish rally began, the coin price has seen a tremendous increase in buying volume. However, the bullish pressure seems to exhaust as the price action shows higher price rejection with long-wick formations.
The IOTX Token price at the moment is $0.106. The market cap increased by 10.05% over the past 24 hours. It means that prices are rising with a bullish boost.
The intraday trading volume of the token fell by 3.33% over the last 24 hours. It indicates that investors might be losing interest in the coin and could lead to a retracement.
Uptrend Struggles To Sustain In IOTX Token Price Chart
Investors could see a bullish rally reaching 30% to 50% if bullish momentum continues after the retest of $0.079. However, investors should not be overwhelmed by a climactic fall in the price.
The technical examination of price action indicates that a bearish breakout would be challenging to accomplish a climb above $0.15. The bearish current can drop to $0.070, $0.040 if the prices fall below $0.079.
The relative Strength Index indicator is bullish. It intimates bullish drive following the RSI slope crossing the overbought territory.
The ADX implies climbing trend momentum when prices advance above.
Overall, the trend is refreshing, and the underlying bullishness is rising, according to ADX & RSI.
Conclusion – IOTX Token Price will likely rise after the retest of $0.079. That may indicate an uptrend, which could lead to a new high above $0.18.
Support – $0.079, $0.040
Resistance – $0.15 and $0.18