In this IOST technical analysis, we will examine the current price action, trading volume, key levels and indicators for IOST-BTC. IOST is a high-performance blockchain platform that utilizes a novel consensus algorithm called “Proof of Believability” to achieve fast and secure transactions. With its innovative approach to smart contracts and decentralized governance, IOST has gained significant traction among developers and users alike. Additionally, IOST’s unique features such as “Tangle-based” architecture and “Mix-digest” proof of work algorithm make it an attractive option for those seeking a fast and secure blockchain platform.
IOST Price Overview:
As of May 12, 2024, IOST is trading at approximately 0.0 BTC. Let’s dive into the detailed price action for IOST-BTC:
| Metric | Value |
|---|---|
| Open (O) | 0.0 |
| High (H) | 0.0 |
| Low (L) | 0.0 |
| Close (C) | 0.0 |
| Volume (C) | 2,824,592.00 |
- 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.
| Metric | Value |
|---|---|
| 1D Change (%) | 0.00% |
| 3D Change (%) | 0.00% |
| 7D Change (%) | 0.00% |
| 30D Change (%) | -11.76% |
| 90D Change (%) | -11.76% |
| YTD Change (%) | -37.50% |
Over the past three days, IOSTBTC has fallen by approximately 0.00%, showcasing increased market volatility. Throughout the last week, it continued to decrease, with a loss of around 0.00%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with IOSTBTC maintaining a downward trend of approximately -11.76%, despite intermittent fluctuations. Examining the last 90 days, IOSTBTC has witnessed substantial decline of approximately -11.76%, reflecting strong long-term confidence. Year-to-date, IOSTBTC has steadily decreased by around -37.50%, 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 0.84125.
- Momentum score is 0.0.
IOST BTC Technical Analysis
IOST Trading Volume:
The trading volume for IOST (IOST) over the past 24 hours has been insignificant, with approximately 2,824,592.00 BTC traded against IOST. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 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 neutral zone, around 47.17707. This suggests that IOST is in range-bound 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 neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.
Navigate IOST’s (IOSTBTC) upward trajectory at 1.50e-07 BTC with bullish technical analysis, highlighting strong support and promising indicators.
For a deeper dive into the subject, don’t miss our comprehensive analysis on IOST USDT IOST Technical Analysis if you found this post intriguing.
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.