IOST SLIDES THROUGH KEY ORDER BLOCK đâ ïž
At $0.000936 $IOST plunged 13.85% in the last 24âŻhours, snapping the 4âhour order block that held above $0.001099 and hammering the price into the $0.000907 support cluster đ. Volume surged past $180âŻM, confirming aggressive liquidation pressure as market makers peeled liquidity from the lower side. Onâchain metrics show a sharp outflow of staking tokens, eroding the usual demand buffer and pushing the asset into a bearish divergence on the 14âperiod RSI, now entrenched in oversold territory đ.
The descent appears more than a routine pullâback; the breach of the $0.001099 resistance zone aligns with a decisive orderâblock violation on the futures curve, suggesting a potential structural weakness rather than a healthy correction. Momentum accelerators have turned negative, and the lack of rebound at the $0.000907 floor hints that sellers may still dominate, keeping the downside trajectory open. Traders should watch for any reâaccumulation above the midârange $0.001003 level as a possible inflection point, though the current order flow remains decidedly bearish.
Levels to monitor:
Watching support around $0.000902
Structure suggests resistance near $0.001012
Mid range area: $0.001003
DYOR
Follow for Updates
#IOST #GENERAL_ALTCOIN #CryptoTrending #BinanceSquare
At $0.000936 $IOST plunged 13.85% in the last 24âŻhours, snapping the 4âhour order block that held above $0.001099 and hammering the price into the $0.000907 support cluster đ. Volume surged past $180âŻM, confirming aggressive liquidation pressure as market makers peeled liquidity from the lower side. Onâchain metrics show a sharp outflow of staking tokens, eroding the usual demand buffer and pushing the asset into a bearish divergence on the 14âperiod RSI, now entrenched in oversold territory đ.
The descent appears more than a routine pullâback; the breach of the $0.001099 resistance zone aligns with a decisive orderâblock violation on the futures curve, suggesting a potential structural weakness rather than a healthy correction. Momentum accelerators have turned negative, and the lack of rebound at the $0.000907 floor hints that sellers may still dominate, keeping the downside trajectory open. Traders should watch for any reâaccumulation above the midârange $0.001003 level as a possible inflection point, though the current order flow remains decidedly bearish.
Levels to monitor:
Watching support around $0.000902
Structure suggests resistance near $0.001012
Mid range area: $0.001003
DYOR
Follow for Updates
#IOST #GENERAL_ALTCOIN #CryptoTrending #BinanceSquare