In this IoTeX technical analysis, we will examine the current price action, trading volume, key levels and indicators for IOTX-BTC. IoTeX (IOTX) is an innovative blockchain platform that enables the Internet of Things (IoT) ecosystem to seamlessly interact with the decentralized world. By leveraging its proprietary Proof-of-Origin (PoO) consensus algorithm, IoTeX empowers IoT devices to securely and efficiently transfer data without compromising their privacy or security. As a result, IoTeX is poised to revolutionize the way we interact with smart devices and bring about a new era of decentralized IoT applications.
IoTeX Price Overview:
As of July 01, 2024, IoTeX is trading at approximately 0.0 BTC. Let’s dive into the detailed price action for IOTX-BTC:
| Metric | Value |
|---|---|
| Open (O) | 0.0 |
| High (H) | 0.0 |
| Low (L) | 0.0 |
| Close (C) | 0.0 |
| Volume (C) | 1,498,096.00 |
- Open (O): The opening price for today’s trading session was approximately 0.0 BTC.
- High (H): IoTeX reached a daily high of around 0.0 BTC.
- Low (L): The daily low for IOTX-BTC was approximately 0.0 BTC.
- Close (C): At the time of analysis, IoTeX is trading near its daily close of 0.0 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | -3.12% |
| 3D Change (%) | -4.62% |
| 7D Change (%) | -7.46% |
| 30D Change (%) | -33.33% |
| 90D Change (%) | -39.22% |
| YTD Change (%) | -47.90% |
Over the past three days, IOTXBTC has dropped by approximately -4.62%, showcasing increased market volatility. Throughout the last week, it continued to fall, with a loss of around -7.46%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with IOTXBTC maintaining a downward trend of approximately -33.33%, despite intermittent fluctuations. Examining the last 90 days, IOTXBTC has witnessed substantial decline of approximately -39.22%, reflecting strong long-term confidence. Year-to-date, IOTXBTC has steadily decreased by around -47.90%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
IoTeX Live Chart:
You can access a live price chart for IOTX-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 0.70465.
- Momentum score is -0.18421.
IOTX BTC Technical Analysis
IoTeX Trading Volume:
The trading volume for IoTeX (IOTX) over the past 24 hours has been insignificant, with approximately 1,498,096.00 BTC traded against IOTX. 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): IOTX is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): IoTeX is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for IOTX-BTC is currently in the low zone, around 40.45198. This suggests that IoTeX is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
IoTeX (IOTX-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.
Acknowledge bearish outlook for IoTeX (IOTXBTC) at 6.20e-07 BTC with technical analysis, emphasizing weakened support and cautionary indicators.
Don’t skip our thorough exploration of IOTX USDT IoTeX Technical Analysis if you resonated with this post; it’s the perfect next step for deeper understanding.
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.