IoTeX (IOTX): How Does it Rank Sunday on Long-Term Trading Metrics?

Sunday, December 19, 2021 06:43 PM | InvestorsObserver Analysts

IoTeX receives an average long-term technical score of 58 from InvestorsObserver's research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the coin's support and resistance levels, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. IOTX currently holds a superior long-term technical analysis score than 58% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. coins with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to 'buy the dip'.

InvestorsObserver is giving IoTeX a 58 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on IoTeX!

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Trading Analysis

The current trading price of $0.110000000 for IOTX is $0.0100000 (8.63%) above the coins 100-day moving average of $0.100000000.IOTX meanwhile is $0.1100000 (-185823.31%) above its 52-week low of $0.010000000 and -$0.15000000 (-3786.65%) under its 52-week high price of $0.260000000. IoTeX's current price relative to the coins long-term average and 52-week high and low, gives the crypto an average long-term technical score of 58. The price movement and range of IOTX suggest that investors are neutral on the coin at this time. IoTeX currently has a total market cap of $1,081,326,218.03 to go along with its average daily volume of $538,925,261.40 worth of the currency over the past seven days. IOTX's volume is below its seven day average as of the past 24 hours, with 35,832,601.29 exchanged in that period. This coin's subclass Distributed Software Platform: A platform is a decentralized infrastructure designed for a purpose. These can take the form of exchanges for the trading of cryptocurrencies, decentralized data storage, artificial intelligence, virtual or augmented reality, distributed computing and big data collection, among other things.

Summary

Trading patterns over the last year for IoTeX leads to the coin's an average long-term technical score of 58 as its consistency, volatility, and relation to long-term averages has given investors reason to be neutral on the coin. Click Here to get the full Report on IoTeX (IOTX).