- IOST Token price has increased more than 100% in the past month.
- All the Daily EMAs move with a positive slope beneath the token price, supporting the price jump.
- The IOST/BTC is trading at 0.000001152 BTC with an intraday gain of +19.04%.
IOST coin price action shows a bullish engulfing pattern in the daily technical charts, indicating increased buying pressure. Moreover, the price is may soon climb above $0.060 as price action forms a bullish green candle.
Increased buying pressure is evident by the intraday volume (725M), which is higher than the 20-days volume average (275M). The daily EMAs also rise in a bullish alignment, indicating a bullish rally.
The IOST Token price trades at $0.05725, increasing +16.87% in market capitalization over the past day, suggesting that the price is in a bull run.
IOST’s intraday trading volume has risen by 200% due to the increasing buying pressure.
IOST Token In The 4-hour Chart
IOST token prices show higher price rejection as it retraces back to retest the bullish breakout of the resistance trendline. Investors may see the dip in price action as a profitable entry point with minimal risk and maximum reward.
According to price action, support levels for the token can be found at $0.054 and $0.044. Additionally, bulls could encounter resistance at $0.066 and $0.082 in the event the price rises above the $0.060 mark.
In a bullish formation, the EMAs on the 4-hour technical charts rise higher with a positive slope which may help support prices during a bearish attack. Conversely, the chart’s volume drops indicate a bull run that may soon reverse.
The RSI indicator anticipates a flood in underlying bullish biases as to the slope of RSI spikes higher.
The ADX indicator proposes a rise in trend momentum.
Conclusion – The IOST token price soars above with the aid of the bullish exponential moving averages. Investors may encounter entry points near the dips on the 20-period EMA.
Support – $0.054 and $0.044
Resistance – $0.066 and $0.082