Current Market Overview
The latest IoTeX (IOTX) price stands at $0.0210, reflecting a 1.77% increase over the past 24 hours. Historical data reveals that:
- 50.16% of trading days close higher than their opening price.
- The all-time high of $0.2215 (November 14, 2021) remains 90.52% above current levels.
Short-Term Technical Analysis
- Sentiment: Bearish (1 buy vs. 11 sell signals from 17 indicators).
Key Levels:
- Resistance: $0.0217 (must close above to ascend further).
- Support: $0.0167 (breach could trigger deeper declines).
- Next resistance target: $0.0283 if bullish momentum continues.
RSI Data:
- 14-day RSI: 38.19 (neutral market conditions).
- Weekly RSI: 37.05 (similarly neutral).
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Moving Averages & Historical Trends
- Daily Chart: Bearish (price below all exponential moving averages).
Seasonal Patterns:
- Best Month: November (5/8 years ended higher).
- Worst Month: June (7/8 years closed lower).
Bull Run Cycles
- June 2018 ATH: $0.0880 → **656 days** later, hit $0.00178 (March 2020).
- November 2021 ATH: Current cycle has lasted 1329 days (previous recovery took 1240 days).
Price Predictions
Short-Term (10 Days)
- Target: $0.0223.
Long-Term Forecasts
| Year | Predicted Price | Range |
|---|---|---|
| 2025 | $0.2289 | $0.1477 - $0.2289 |
| 2026 | $0.1763 | $0.1391 - $0.1763 |
| 2030 | $0.5243 | N/A |
| 2040 | $1.82 | N/A |
FAQs
Q: What drives IoTeX’s price volatility?
A: Key factors include market sentiment, adoption of its IoT-focused blockchain, and broader crypto trends.
Q: Is IoTeX a good long-term investment?
A: While past performance shows cyclical highs, always assess risk tolerance and diversify investments.
Q: How accurate are these predictions?
A: Forecasts model historical data but can’t account for unforeseen events—use them as guidelines.
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Disclaimer: Predictions are speculative and not financial advice.