Perceptions 2025-08-15 12:00 UTC in the spot market for IOTX

Summary

1. IOTX showed positive techniques with an EMA crossover and a breakout from the Bollinger Band at 0.02996, supported by high volume, but is now correcting.

2. The main risks include a drop in the RSI from overbought levels and the price falling below the middle line of the Bollinger Band, indicating a loss of momentum.

3. Community sentiment remains largely positive, driven by the strategic partnership with HashKey to build digital asset infrastructure and an AI Ecosystem Center.

Opportunities

1. Price momentum: Recently, IOTX broke above the upper limit of the Bollinger Band at 0.02996, supported by the highest trading volume in 24 hours of 528,027.01 USDT, indicating strong buying pressure.

2. Positive crossover: Recently, the 7-period EMA crossed above the 25-period EMA at 0.02961, signaling a positive short-term trend and a possible continuation of the uptrend.

3. Capital influx: A significant total capital influx of 177,243.44 USDT, along with a large influx of 33,770.29 USDT, suggests strong accumulation and investor interest.

Risks

1. Drop in overbought RSI: The 6-period RSI peaked at 74.78 at 0.02996, signaling overbought conditions, and has since fallen to 43.59, suggesting a loss of bullish momentum.

2. Correction of the Bollinger Band: After a brief breakout, the price returned to 0.02943 and is now below the middle line of the Bollinger Band, indicating that the recent positive momentum may be losing strength.

3. Declining MACD momentum: The MACD histogram is showing a downward trend, indicating a weakening of positive momentum, although the MACD line remains above the signal line.

Community sentiment

1. Partnership: The community is optimistic about IoTeX due to the partnership with HashKey to build digital asset infrastructure and launch an 'AI Ecosystem Center',