In this IOST technical analysis, we will examine the current price action, trading volume, key levels and indicators for IOST-BTC. IOST is a decentralized blockchain platform that focuses on interoperability and scalability, allowing for seamless communication and interaction between different blockchain networks. Its unique architecture enables fast and secure transactions, making it an attractive option for developers and users alike. With its emphasis on usability and flexibility, IOST has the potential to become a leading player in the rapidly evolving cryptocurrency market.
IOST Price Overview:
As of September 22, 2023, IOST is trading at approximately 0.0 BTC. Let’s dive into the detailed price action for IOST-BTC:
- Open (O): The opening price for today’s trading session was approximately 0.0 BTC.
- High (H): IOST reached a daily high of around 0.0 BTC.
- Low (L): The daily low for IOST-BTC was approximately 0.0 BTC.
- Close (C): At the time of analysis, IOST is trading near its daily close of 0.0 BTC.
|1D Change (%)||0.00%|
|3D Change (%)||0.00%|
|7D Change (%)||-7.14%|
|30D Change (%)||-3.70%|
|90D Change (%)||-7.14%|
|YTD Change (%)||-36.59%|
Over the past three days, IOSTBTC has dropped by approximately 0.00%, showcasing increased market volatility. Throughout the last week, it continued to drop, with a loss of around -7.14%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with IOSTBTC maintaining a downward trend of approximately -3.70%, despite intermittent fluctuations. Examining the last 90 days, IOSTBTC has witnessed substantial decrease of approximately -7.14%, reflecting strong long-term confidence. Year-to-date, IOSTBTC has steadily depreciated by around -36.59%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
IOST Live Chart:
You can access a live price chart for IOST-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.47191.
- Momentum score is -0.03704.
IOST BTC Technical Analysis
IOST Trading Volume:
The trading volume for IOST (IOST) over the past 24 hours has been insignificant, with approximately 1,777,046.00 BTC traded against IOST. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
- 50-day Simple Moving Average (SMA): IOST is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): IOST is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for IOST-BTC is currently in the low zone, around 44.27137. This suggests that IOST is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
IOST (IOST-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals for potential downward movement.
Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.