IGNITION
streamoors
Injective
NEAR Protocol
Starknet
Quantus
Bittensor
- IoTeX crypto (IOTX) price has slipped below the 20-day exponential moving average.
- IoTeX price has dropped by 18% in the last 4 days indicating the sellers’ involvement.
- IOTX is trading at $0.0653, dropped by 10% in the last 24 hours.
On a wider time frame, the IoTeX price has performed positively and reached a 52-week high recently. The IOTX price has dropped by 29% from the recent high and the sellers have been dominating in the short term. The price has been rising by taking support on the trendline. Recently, the IOTX coin price has consolidated near the $0.0800 hurdle for a week and sellers won the battle, and the price melted by 15%.
IoTeX price has been in a bullish trend and has risen by approximately 300% in the last 6 months. The price has been rising by forming higher highs and higher lows. In the beginning of 2024, the price has been defending the $0.0400 mark and gained bullish momentum.
The market capitalization of IoTeX crypto is $619.62 Million and the 24-hour trading volume is $31.12 Million which has dropped by 45%. The circulating supply of IoTeX is 9,441,778,955 IOTX and the fully diluted market cap is $656.16 Million. The maximum supply is 9,441,778,959 IOTX and the total supply is 10,000,000,000 IOTX.
Whales Holdings
The holdings of whales have decreased by 1% in a year. According to the current holdings, whales are holding $8.86 Billion, investors are holding $694.13 Million and retailers are holding $445.88 Million.
IOTX Crypto Volume vs Price Analysis
According to the graph, the trading volume has decreased from $290 Million to $31 Million from mid-February but the price has remained constant. In the last 20 days, the trading volume has decreased by 80% and the price has reacted negatively. Further momentum can be affected by the change in the trading volume.
IoTeX Crypto Social Dominance and Social Volume Analysis
The graph of social dominance and social volume shows that the interaction and awareness on social media have decreased in the last few weeks and the price has also performed negatively. The change in social dominance and social volume may affect the price accordingly.
IoTeX Price Technical Analysis Over Daily Timeframe
On a daily time frame, the IoTeX crypto price has been rising by taking support on the trendline. Recently, the IOTX price has shown selling pressure for the short term and the price has melted back to the trendline.
If the IOTX price slips below the trendline and trading volume decreases then sellers may become confident which may lead to a bearish momentum. Suppose the price fails to defend the $0.0550 mark then sellers may eye for the 200-day exponential moving average.
On the other hand, if the IoTeX crypto price takes support on the trendline then buying momentum can be seen. However, if the trading volume increases then it may continue the bullish trend for the long term.
Turning to the technical indicators, the IOTX price has slipped below the 20-day exponential moving average suggesting the sellers’ participation. RSI is at 43 and dropped below the RSI-based moving average indicating the selling pressure.
Conclusion
IoTeX price prediction suggests that the bullish has been dominating in the short term. The price has risen by approximately 300% in the last 6 months. Overall, the technical indicators favor the selling pressure. According to the analysts, selling signals can be generated below the $0.0550 mark and buyers may show interest over the $0.0800 mark.
Technical Levels
Resistance Levels: $0.0800 & $0.0900
Support Levels: $0.0550 & $0.0400
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
