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IOTX coin activity continues to move within a bearish trend while the price stabilizes near 0.00240. Trading remains below the 20 EMA, 50 EMA, and 200 EMA, confirming that sellers still control the market and that no clear signal of a trend reversal has appeared yet.
The SuperTrend indicator continues to show a sell signal, while the OBV indicator moves sideways alongside declining trading volumes. This reflects weak liquidity and the market waiting for a new catalyst before a strong move occurs.
The nearest support zone lies at 0.00230. Holding above it may give the price a chance to bounce toward 0.00246, then 0.00252. However, a breakout of 0.00252 with a strong close and increasing trading volumes could push the coin to target 0.00265. Meanwhile, breaking 0.00230 may lead to continued declines and the recording of lower levels.
It’s best to wait for confirmation of a trend reversal and not enter before clear buying momentum appears, because the current trend still leans bearish.
Press here to trade
$IOTX
╔═══════ஜ۩۞۩ஜ═══════╗
✦ 𝐌𝐨𝐡𝐚𝐦𝐞𝐝 𝐍𝐨𝐮𝐡 𝐌𝐢𝐧𝐢𝐡 ✦
✍️ Mohammad Nouh Maneih ✍️
╚═══════ஜ۩۞۩ஜ═══════╝
#BitcoinDown32.9%YTDAsETFsShed$4.9B #MSCIEMIndexNearsCorrection #USInsiderSellingNearsRecordPace #IranClaimsStrikesOnUSTargetsInSyriaBahrain #CardanoHardForkUpgradeSetForJuly18
IOTX coin activity continues to move within a bearish trend while the price stabilizes near 0.00240. Trading remains below the 20 EMA, 50 EMA, and 200 EMA, confirming that sellers still control the market and that no clear signal of a trend reversal has appeared yet.
The SuperTrend indicator continues to show a sell signal, while the OBV indicator moves sideways alongside declining trading volumes. This reflects weak liquidity and the market waiting for a new catalyst before a strong move occurs.
The nearest support zone lies at 0.00230. Holding above it may give the price a chance to bounce toward 0.00246, then 0.00252. However, a breakout of 0.00252 with a strong close and increasing trading volumes could push the coin to target 0.00265. Meanwhile, breaking 0.00230 may lead to continued declines and the recording of lower levels.
It’s best to wait for confirmation of a trend reversal and not enter before clear buying momentum appears, because the current trend still leans bearish.
Press here to trade
$IOTX
╔═══════ஜ۩۞۩ஜ═══════╗
✦ 𝐌𝐨𝐡𝐚𝐦𝐞𝐝 𝐍𝐨𝐮𝐡 𝐌𝐢𝐧𝐢𝐡 ✦
✍️ Mohammad Nouh Maneih ✍️
╚═══════ஜ۩۞۩ஜ═══════╝
#BitcoinDown32.9%YTDAsETFsShed$4.9B #MSCIEMIndexNearsCorrection #USInsiderSellingNearsRecordPace #IranClaimsStrikesOnUSTargetsInSyriaBahrain #CardanoHardForkUpgradeSetForJuly18
