- The Iotex coin price has been moving higher since the 2022 lowest level and suggests the double bottom pattern.
- In terms of the daily price chart, IOTX token price is trading above the 20,50,100 and 200-days SMA.
- The IOTX/BTC pair price is trading with an increase of 2.4% on 0.000002227 Satoshis.
The IOTEX coin looks bullish after successfully avoiding the negative trendline on March 22, with its cost increasing by 23% in just one day, as shown by the ATH indicator. The currency is down nearly 84% of its value between ATH and the latest low of $0.62.
Price action above the 2022 year lows indicated a double bottom formation. So at the time of writing, the IOTX coin is looking a bit bullish with a 2.4% increase to $0.1031. However, the bears are facing bullish resistance near $0.120; To maintain good momentum, buyers should place the value of the coin above it. On the downside, the IOTX coin has a solid support level of $0.070.
The supertrend indicator is rising with the green zone. In terms of the hourly price chart, the IOTX coin is moving in an ascending parallel channel. Furthermore, the coin registered a 50% increase in its trading volume last night. Furthermore, the volume to market capitalization ratio is 0.7753.
Is IOTX coin something you are interested in purchasing?
Important moving averages like 20, 50, 100, and 200 EMA are well below the current price of the IOTX coin on the daily price chart, thus, the RSI indicator is looking bullish for the SRT coin in terms of the daily price chart. cost. Currently, the RSI is at the 67 level, which is about to enter an overbought zone. Moreover, the Average Directional Index is looking flat at 36 points, which indicates a strong bullish trend for the secret coin.
ConclusionÂ
Iotex coin price is moving towards an important resistance level of $0.12. Now it remains to be seen how the bulls grow to push the IOTX coin price above the nearest bullish barrier.
Support level- $0.063 and $0.080
Resistance level- $0.120 and $0.150
DisclaimerÂ
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.