$IOST trading at 0.0008 dollars today ranked 621 on CoinGecko with a market cap of 27.4 million dollars. Down heavily from its all time high. Both 50 day and 200 day moving averages are falling and sitting above price, acting as resistance. Weekly timeframe shows a bearish structure with no clear reversal signal yet.
My analysis. High risk low cap play. Support at 0.0007 dollars. Any recovery needs to break above 0.0010 dollars to flip short term structure. Until then bears in control.
Not financial advice. Always DYOR.
#IOST #CryptoMarket #Altcoins #Write2Earn
My analysis. High risk low cap play. Support at 0.0007 dollars. Any recovery needs to break above 0.0010 dollars to flip short term structure. Until then bears in control.
Not financial advice. Always DYOR.
#IOST #CryptoMarket #Altcoins #Write2Earn
