Lorenzo Stroe
Independent Analyst
- IOST/USD is up 13% after hitting $0.0068 on Binance.
- The digital asset is up by more than 400% since March 13.
- The daily 12-EMA has been a perfect support line.
IOST is up another 13% on June 22 from a low of $0.0059. The digital asset is in a robust daily uptrend and is seeing increasing trading volume. After establishing the low of 2020 at $0.0013 on March 13, IOST has been trading inside an uptrend and has seen a significant surge in trading volume since May 21.
IOST/USDT daily chart
The daily chart of IOST is remarkably strong and healthy. Every bull move was accompanied by periods of consolidation cooling off the RSI which hasn’t been over 74 points in the last two months. The daily 12-EMA, currently established at $0.0058 has served as a support guide for the bulls. The EMA was only broken twice and both times, buyers came back even stronger.
The increase in trading volume across all exchanges is also quite obvious in the past month which indicates the current uptrend and bull run is real and stable.
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended Content
Editors’ Picks
SEC doubles down on TRON's Justin Sun lawsuit dismissing claims over jurisdiction
The SEC says it has jurisdiction to bring Justin Sun to court as he traveled extensively to the US. Sun asked to dismiss the suit, arguing that the SEC was targeting actions taken outside the US.
XRP fails to break past $0.50, posting 20% weekly losses
XRP trades range-bound below $0.50 for a sixth consecutive day, accumulating 20% losses in the last seven days. Ripple is expected to file its response to the SEC’s remedies-related opening brief by April 22.
ImmutableX extends recovery despite $69 million IMX token unlock
ImmutableX unlocked 34.19 million IMX tokens worth over $69 million early on Friday. IMX circulating supply increased over 2% following the unlock. The Layer 2 blockchain token’s price added nearly 3% to its value on April 19.
Bitcoin Weekly Forecast: BTC post-halving rally could be partially priced in Premium
Bitcoin price briefly slipped below the $60,000 level for the last three days, attracting buyers in this area as the fourth BTC halving is due in a few hours. Is the halving priced in for Bitcoin? Or will the pioneer crypto note more gains in the coming days?
Bitcoin: BTC post-halving rally could be partially priced in Premium
Bitcoin (BTC) price briefly slipped below the $60,000 level for the last three days, attracting buyers in this area as the fourth BTC halving is due in a few hours. Is the halving priced in for Bitcoin? Or will the pioneer crypto note more gains in the coming days?