IOTX Technical Analysis: Prices Sustained Above $0.10, Buyers Eye $0.15

Key technical points:

Past Performance of IOTX

The IOTX coin price showcased a boom in buying pressure with a 25% office jump on March 22nd, resulting in a $0.085 breakout. The buying pressure decreased over the days and retested the bullish breakout. However, the bullish reversal from the 100-day EMA resulted in the rounding bottom pattern breakout and currently retests it for further bullish continuation.

Source-Tradingview

IOTX Technical Analysis 

IOTX coin price action reflects higher price rejection but continues the higher low formation reflecting the solid underlying bullishness. Hence, the uptrend may approach the $0.11 mark shortly.

The crucial daily EMAs (50, 100, and 200-days) maintain a slightly bearish alignment, but the increasing possibility of the golden crossover due to the 50-day EMA reversal may help regain the bullish status. Moreover, the price sustaining above the 100-day EMA stresses a buying possibility. 

RSI Indicator: The RSI slope sustains above the 14-day line, reflects the solid uptrend in action, and might shortly enter the overbought territory. 

MACD Indicator: The MACD and signal lines project an uptrend slowing down into a sideways trend. However, the histogram retains the bullish growth reflecting a solid underlying bullishness.

The IOTX technical analysis reflects an elevated odds of an uptrend above the $0.10 mark.

Upcoming Trend 

The IOTX coin price experiences growth in the buying pressure as it successfully retests the rounding bottom breakout. Moreover, the buyers undermine the selling observed above the $0.10 mark and continue to persist uptrend. Hence, traders can expert a target of $0.15 if buyers surpass the $0.11 horizontal level. 

Support Levels: $0.10 and $0.090

Resistance Levels: $0.11 and $0.15