In this IOST technical analysis, we will examine the current price action, trading volume, key levels and indicators for IOST-USDT. 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 data structure” and “Multi-chain architecture” make it an attractive option for those seeking a scalable and interoperable blockchain solution.
IOST Price Overview:
As of July 03, 2024, IOST is trading at approximately 0.00618 USDT. Let’s dive into the detailed price action for IOST-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.00605 |
| High (H) | 0.00629 |
| Low (L) | 0.00587 |
| Close (C) | 0.00618 |
| Volume (C) | 466,859,450.00 |
- Open (O): The opening price for today’s trading session was approximately 0.00605 USDT.
- High (H): IOST reached a daily high of around 0.00629 USDT.
- Low (L): The daily low for IOST-USDT was approximately 0.00587 USDT.
- Close (C): At the time of analysis, IOST is trading near its daily close of 0.00618 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | 2.15% |
| 3D Change (%) | -7.21% |
| 7D Change (%) | -3.29% |
| 30D Change (%) | -27.29% |
| 90D Change (%) | -44.07% |
| YTD Change (%) | -37.76% |
Over the past three days, IOSTUSDT has dropped by approximately -7.21%, showcasing increased market volatility. Throughout the last week, it continued to decline, with a loss of around -3.29%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with IOSTUSDT maintaining a downward trend of approximately -27.29%, despite intermittent fluctuations. Examining the last 90 days, IOSTUSDT has witnessed substantial drop of approximately -44.07%, reflecting strong long-term confidence. Year-to-date, IOSTUSDT has steadily declined by around -37.76%, 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-USDT 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 0.64289.
- Momentum score is -0.20566.
IOST USDT Technical Analysis
IOST Trading Volume:
The trading volume for IOST (IOST) over the past 24 hours has been significant, with approximately 466,859,450.00 USDT 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-USDT is currently in the low zone, around 37.52609. This suggests that IOST is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
IOST (IOST-USDT) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the low RSI and significant trading volume are low signals for potential downward movement.
Understand IOST’s (IOSTUSDT) challenges at 6.18e-03 USDT with detailed bearish technical analysis, highlighting weakened support and cautionary indicators.
Dive into the details with our in-depth analysis on IOST BTC IOST Technical Analysis; you won’t want to miss it if you found this post interesting.
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.