$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.
📈 Bias: Bullish | 🎯 Entry: Current price–$0.0049 | 🛡 Support: $0.0045 | 🚧 Resistance: $0.0052 | 🎯 Targets: $0.0051 / $0.0055 / $0.0060 | ❌ 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
📈 Bias: Bullish | 🎯 Entry: Current price–$0.0049 | 🛡 Support: $0.0045 | 🚧 Resistance: $0.0052 | 🎯 Targets: $0.0051 / $0.0055 / $0.0060 | ❌ 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