$IOST Price Movement Watch
Down 21.06% in 5 minutes; current price: $0.001113; 24h high: $0.001908 / low: $0.000967; 24h trading volume: $52.83 million
IOST announced the public release of v4.0.0 and completion of the mainnet consensus node upgrade. Upbit and Coinone suspended deposits and withdrawals to support the hard fork. After the positive news was priced in, the token surged over 70% in 24 hours. Short-term traders are now taking profits, quickly erasing some of the gains.
Around $0.0019 is a high-volume area near the previous peak and now acts as resistance at a potential short-term double top. If the price falls below $0.001, watch whether it can hold the 24-hour low near $0.00097. The upgrade narrative has largely been priced in, so it may be best to wait and see in the short term, then reassess once the price stabilizes.
Down 21.06% in 5 minutes; current price: $0.001113; 24h high: $0.001908 / low: $0.000967; 24h trading volume: $52.83 million
IOST announced the public release of v4.0.0 and completion of the mainnet consensus node upgrade. Upbit and Coinone suspended deposits and withdrawals to support the hard fork. After the positive news was priced in, the token surged over 70% in 24 hours. Short-term traders are now taking profits, quickly erasing some of the gains.
Around $0.0019 is a high-volume area near the previous peak and now acts as resistance at a potential short-term double top. If the price falls below $0.001, watch whether it can hold the 24-hour low near $0.00097. The upgrade narrative has largely been priced in, so it may be best to wait and see in the short term, then reassess once the price stabilizes.