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IoTeX (IOTX) What Does the Chart Say Saturday?

Saturday, June 03, 2023 08:35 AM | InvestorsObserver Analysts
IoTeX (IOTX) What Does the Chart Say Saturday?

IoTeX receives a strong short-term technical score of 67 from InvestorsObserver analysis. Our proprietary scoring system considers the recent trading patterns of the coin by looking at the price movement to determine if it is trending in the right direction. IOTX holds a better recent technical analysis than 67% of coins at its current price. Investors who are focused on short-term growth and looking for hot and trendy coins will find the Short-Term Rank especially relevant when allocating their assets.

Short-Term Technical - 67
InvestorsObserver is giving IoTeX a 67 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on IoTeX!

Trading Analysis

IoTeX is $0.002704 (12.95%) higher than its 30-day low price of $0.020889759 while also -$0.002664 (-10.15%) lower than its high of $0.02625851 from the past month of trading. Meanwhile, IOTX's current price of $0.023594244 is above its average price of $0.022857835 set over the past month of trading, leading to a strong short-term technical score. In summation, the recent trading history of IoTeX suggest that traders are currently bullish on the coin.
IOTX has a relatively average market cap for a coin with a total market value of $222,892,158.12. The market valuation for IoTeX is relatively average due to the largest 100 cryptos having a market cap above $1 billion and IOTX sits underneath that mark but remains above $100 million in market capilization. IoTeX's average volume meanwhile is average with $20,691,712.19 worth of the coin traded over a typical 24 hour period. The volume for IOTX is relatively average as the most traded 100 cryptos have roughly $100 million worth of the crypto exchanged over a 24 hour period and a large portion of the market trades at least $5 million worth each day. As of the past 24 hours, IOTX's volume is below its average with $2,969,918.13 exchanged. IoTeX'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

IoTeX's price movement over the past month has led to a a strong short-term technical score due to recent trading giving more bullish signals for traders on the coin's short-term movement. Click Here to get the full Report on IoTeX (IOTX).

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