Will IOTX Price Hit $0.3 in 2022? Why it is Bullish Rated?
IoTeX (IOTX) gets a very bullish rating from InvestorsObserver Thursday. The coin is up 11.97% to $0.02908535096 while the broader crypto market is up 0.61%.
Very Bullish
Over the last five days, IoTeX has earned a Very Bullish rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of IoTeX over the past five days by volume and price movement.
The Sentiment Score provides a quick, short-term look at the crypto’s recent performance. This can be useful for both short-term investors looking to ride a rally and longer-term investors trying to buy the dip.
Price Levels
IoTeX is currently trading near its five-day high of $0.0290853509629562. The coin is 0.00% its five-day high and is 29.46% higher than its five-day low of $0.0224660076200962.
IoTeX price is currently above resistance. With support set around $0.0250203420876716 and resistance at $0.0270867252259706, IoTeX is potentially in a volatile position if the rally burns out.
IoTeX has traded on low volume recently. This means that today’s volume is below its average volume over the past seven days.
What is a coin?
A coin is a cryptocurrency that exists on its own blockchain. These are typically used for payments. Depending on the cryptocurrency, what those payments are use for may vary from general use in the Digital Money sub-class to a more specific use in some other sub-classes.
Due to a lack of data, this crypto may be less suitable for some investors.
