$IOTX IoTeX is up 4.87% at the supplied adjusted price of $0.0048, showing relative strength during broader market weakness. Strong lower-timeframe volume spikes and price holding above the 50-day and 200-day EMAs support the bullish setup. Open interest increased 18%, while funding turned positive at 0.015%, suggesting growing speculative participation. Binance's announced network upgrade support is a catalyst, but post-upgrade selling could reverse momentum.
๐ Bias: Bullish | ๐ฏ Entry: Current priceโ$0.0049 | ๐ก Support: $0.0045 | ๐ง Resistance: $0.0052 | ๐ฏ Targets: $0.0051 / $0.0055 / $0.0060 | โ Invalidation: Daily close below $0.0043
Strategy: Watch for a confirmed breakout and sustained buying. Avoid chasing an extended move ahead of the upgrade.
#IoTeX #IOTX #Altcoins #CryptoAnalysis #BinanceSquare
๐ Bias: Bullish | ๐ฏ Entry: Current priceโ$0.0049 | ๐ก Support: $0.0045 | ๐ง Resistance: $0.0052 | ๐ฏ Targets: $0.0051 / $0.0055 / $0.0060 | โ Invalidation: Daily close below $0.0043
Strategy: Watch for a confirmed breakout and sustained buying. Avoid chasing an extended move ahead of the upgrade.
#IoTeX #IOTX #Altcoins #CryptoAnalysis #BinanceSquare