The asset spiked gigantically with the beginning of the current weekly trade and ignited with a healthy consolidation ahead. Swinging within the restricted resistance and support levels, the IOTX price has formed an extreme bullish flag which points out towards a breakout towards the north. With the breakout, the price is expected to clear the pivotal resistance at $0.1 initially.
Further maintaining the bullish trend through the March trade, the price may attempt to reach the important zones just above $0.108 to $0.12. As the quarterly trade is about to end very soon, a significant raise may be expected with a minimum possibility of a rebound towards the lower support.
The IOTX price had smashed its highs just before the end of the 2021 trade and also managed to shed more than 55% before the close. The descending trend was carried forward until the press time where-in each attempt of rebounding from the descending trend has failed to form yet another lower high. The asset is attempting very hard to lose the quarterly trade on a bullish note and also maintain the bullish momentum throughout Q2.
In such a case, the IOTX price may surpass $0.11 at first to settle levels around $0.15 by the mid of 2022. However, if the market trend changes a bit then a significant uptrend may uplift the price beyond $0.2 to $0.25 by the end of 2022. Therefore attaining $1 is extremely hard at the press time but maybe achieved any time shortly.
|Date||All-Time High||All-Time Low||Market Capitalization|
|22 March 2022||$0.098||$0.076||$872.84M|
|21 March 2022||$0.078||$0.071||$734.01M|
|20 March 2022||$0.081||$0.074||$716.04M|
|19 March 2022||$0.082||$0.076||$772.25M|
|18 March 2022||$0.078||$0.073||$735.19M|
|17 March 2022||$0.079||$0.074||$730.13M|
|16 March 2022||$0.081||$0.071||$702.19M|
IOTX manifested an extremely bullish trend since the beginning of February after decoupling from each other in the first few days. Further, the IOTX price surged high to hit more than 50% and very quickly plunged hard to slide below 15% off the average levels. A similar trend is witnessed with BAT but it maintained its trend much below the average levels and failed constantly to maintain above.
At the press time, the IOTX price is above the average level by 17.18% after accumulating for quite a long time. Whereas, the BAT price is below these levels by 5.92%. However, it is important to note that IOTX price is pointing towards the south but the BAT is attempting a rebound. And hence a notable uptrend may be pretty visible in the upcoming days.
Additional Read: IOTEX Technical Analysis
The IOTX/BTC pair manifest huge strength compared to that of the BTC trading pair. No doubt the BTC pair has also recorded a couple of intense spikes, yet failed to surpass the USDT trend. And hence remained much below the USDT pair and currently manifesting the possibilities of plunging hard.
No doubt the USDT pair is also on the verge to shed some gains but is expected to manage the trembled situation at the earliest. Currently, the IOTX/USDT is above the average price by 17.17% whereas the BTC pair is 5.31% above. Therefore with a minor flip both the assets may trade within a safe zone.
Additional Read: Top Crypto New Today, 23 March 2022.
IOTX Now Widely Available in 60+ Countries
Iotex Foundation partnered with Crypto exchange service provider, ChangeNow to offer to buy/sell service for IOTX with Credit/Debit cards in over 60+ countries!
Iotex Platform Raised Funds For War-Impacted Civilians
The platform managed to collect more than 100,000 IOTX to provide aid for the war-impacted Civilians. Moreover, the people who donate more than 500 IOTX would get a ‘Peace, Not War’ NFT from Iotex Foundation.
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