Short Analysis of $IOTX
Current Price: 0.01867 USDT (+4.77%) – A slight daily increase, but still within a long-term downtrend.
Historical Movement: The price previously peaked at 0.06735 USDT but has dropped significantly to a low of 0.01487 USDT.
Moving Averages (MA):
MA(7) = 0.01804 (close to the current price)
MA(25) = 0.01747 (rising, indicating possible stabilization)
MA(99) = 0.02555 (far above the current price, suggesting a bearish long-term trend)
Trading Volume: Low compared to previous highs, indicating weak momentum.
Long-Term Performance:
7 days: +0.97% (a possible stabilization sign)
30 days: -9.37%
90 days: -53.89%
180 days: -46.87%
1 year: -74.11% (clearly bearish trend)
Order Book Balance: Almost equal between buyers (50.16%) and sellers (49.84%), indicating a neutral short-term market sentiment.
Conclusion:
Short-Term: Slight bullish movement, with potential stabilization above MA(25), but confirmation is needed.
Long-Term: Still bearish. A significant breakout above 0.025-0.03 USDT is required to confirm a trend reversal.
Strategy: For short-term trades, watch the 0.018 support level. For long-term investments, wait for stronger volume and price recovery signals.
