$IOST has recently experienced a massive volatility pump with price action rocketing from support around 0.000516 up to a historic high of 0.002448, printing an extreme candlestick wick. After the parabolic surge and subsequent deep retracement, the price is currently showing signs of consolidation. With 24-hour volume still exceptionally high at 6.54 billion IOST and sentiment remaining highly reactive, the market is coiled and searching for direction following this liquidity event.
Target 1: 0.001269
Target 2: 0.001695
Target 3: 0.002120
#IOST #CryptoTrading #TechnicalAnalysis
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