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Is IoTeX (IOTX) Trending Lower or Higher Thursday?

Thursday, January 20, 2022 09:09 AM | InvestorsObserver Analysts
Is IoTeX (IOTX) Trending Lower or Higher Thursday?

IoTeX receives an average long-term technical score of 36 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the coin's consistency, volatility, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. Currently, IOTX holds a superior long-term technical analysis score than 36% of crytpocurrencies. Long-term investors employing a buy-and-hold strategy will find the Long-Term Rank especially relevant when allocating their assets and may find additional value finding cyptos with a high short-term technical score to discover coins that have bottomed out.

Long-Term Technical - 36
InvestorsObserver is giving IoTeX a 36 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on IoTeX!

Trading Analysis

IoTeX's price is -$0.0200000 (-12.59%) below its 100-day moving average price of $0.120000000 as its price at the moment sits at $0.110000000. Additionally, IOTX is $0.1000000 (-146864.07%) higher than its 52-week low price of $0.010000000 while -$0.15000000 (-3789.34%) under its 52-week high of $0.260000000. The current trading price in relation to its long-term average along with its 52-week high and low, gives IOTX an average long-term technical score of 36. Long-term trading movement of IoTeX suggest that investors are bearish on the coin at the moment. IoTeX has a total market value of $1,014,453,909.30 with an high average daily volume of $93,237,269.77 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, IOTX's volume is below its average with $14,628,400.08 exchanged in total. 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.


IOTX's historical trading over the past year gives it a an average long-term technical score of 36 as its price movement in that time has given investors reason to be bearish on the coin in the long-term. Click Here to get the full Report on IoTeX (IOTX).

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