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- IOST bounced back from the support of $0.031 to $0.044 on Thursday’s trading session
- The 24-hour volume in IOST is at $349,980,528 with a 0.40% increase.
- The IOST/BTC pair was trading at 0.0000008237 BTC with a loss of 4.20%
The 4-hour technical chart of IOST projects a sideways trend. According to pivot points, IOST critical support level is placed at $0.031. Whereas if it moves up, the key resistance level to watch is $0.065. While diving into the weekly chart of a 4-hour time-frame, it completes a pin bar candlestick pattern. Which represents a sharp reversal and rejection of price.
SMA-50 & 100 acts as another strong support in the coin. SMA-50 (purple) intersects above the SMA-100 (white), which projects a beginning of a bullish trend. The price is fighting both the SMA’s. Investors may perceive a positive crossover in the chart, the price will also follow the positive trend.
RSI indicator (BEARISH), with a value of 47, indicates a sell signal in the coin for a short while. Moreover, Investors can see a downward slope from 59 to 47 in the index, it may bounce back from the neutral zone in future trading sessions.
IOST Can Give Upto 45% Returns
IOST price traded at $0.044 with a loss of 3.70% in the last 24-hour and 2.60% down in the weekly time-frame. In contrast, the market capitalization stands at $737 million. Technically, investors can perceive a positive crossover in SMA. Moreover, the movement of price can be towards the resistance of $0.065.
Resistance: $0.065
Support: $0.031
Mr, Nikhil Ingole is a Chief Editor at The Coin Republic with over five years of technical analysis & trading experience in Forex and Crypto. As a commerce graduate, he has taken a keen interest in blockchain’s future potentials in the financial industry. A keen cryptocurrency enthusiast, he is very supportive of new media projects, pioneer ideas and the Bitcoin community. He possesses strong technical, analytical skills and is well known for his financial market’s informative analysis. Other than crypto, Nikhil Loves to watch his favorite football team and keep up to date with the latest Formula 1 racing.
