- IOTX coin is in an uptrend at 2.2% during the intraday trading session.
- The 24-hour trading volume is at $168 million.
- IOTX/BTC pair is trading positive by 4.1% at 0.00000173 BTC.
The daily technical chart of the IOTX coin displays an uptrend. According to the pivot levels, the primary support level is $0.04. On the other side, if it rushes up, the resistance level to follow is $0.15. Although the chart forms a bearish harami candlestick pattern within the day, it is predicted that the price may remain downwards with medium reliability.
The Zig-Zag framed a top of $0.15 on Aug 12. After that, investors can notice a massive correction of 55%, all the way low to $0.07. Now price levels are stuck around the range of $0.07 this week.
The volume of (107.75M) is above the MA of 20-days (54.45M). As a result, the volume is high, causing its price to get rejected at the resistance zone. Investors may also mark that the volume bars on the chart are declining, which intimates that notable volatility is expected in the upcoming trading session.
The Stochastic RSI (bullish) with a value of K-85 D-74 presents a buy signal in the coin. Investors may observe an inclining slant and a positive crossover in the index. It may remain in positive territory for future trading sessions.
IOTX Coin High Selling Volume is Directed
Today’s price of IoTeX is 0.076955 USD, and the 24-hour trading volume is 168,864,108 USD. The price of IOTX has increased by 2.0% in the past 24 hours. The circulating supply is 9.5 billion IOTX coins, and the total supply is unknown. The Stochastic RSI indicator shows a buy signal, and the traders have guided high volume. Technically, the price faces rejection around the resistance and remains in an uptrend. Therefore, as with overall market sentiment, the trend remains bullish.
Resistance Level: $0.15
Support Level: $0.04