📈LONG: $IOTX (1D)

#IOTXUSDT | #IOTX | #IoTeX

Current Price $0.05

Market Cap $483.93M

Change 1h -0.56% | 24h -2.82%

Daily Indicators:

• RSI: 66 - Neutral 🟠

• MACD: 0.00 - Bullish 🟢

• EMA: 0.04 - Above 🟢

Analysis: IoTeX (IOTXUSDT) is showing potential for a bullish breakout as it approaches the key support zone at $0.04634. It's maintaining strong momentum above the EMA, and previous resistance levels are now turning into support. This is a good sign for a possible upward trend.

Price Targets: If momentum continues, the next resistance is around $0.065. Should it manage to break through that, we could see a push towards the strong resistance level at $0.090. However, if it falls below the support near $0.046, the bullish outlook might be invalidated.