IOTX coin price retests the rounding bottom breakout and strives to sustain above the psychological stronghold at $0.10. Is this the right time to buy?

Key technical points:
<ul>
 	<li style="font-weight: 400">IOTX prices have decreased by 1.10% in the past 24 hours.</li>
 	<li style="font-weight: 400">The IOTX/USD chart shows a high possibility of a golden crossover.</li>
 	<li style="font-weight: 400">Finally, the 24-hour trading volume of Iotex is $35.67 Million, marking a 68.58% fall.</li>
</ul>
<h2>Past Performance of IOTX</h2>
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.

<img src="https://s3.tradingview.com/snapshots/d/DwfQd9MN.png" alt="TradingView Chart" />

Source-<a href="https://www.tradingview.com/x/DwfQd9MN/">Tradingview</a>
<h2>IOTX Technical Analysis </h2>
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.
<h2>Upcoming Trend </h2>
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

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

IOTX coin price retests the rounding bottom breakout and strives to sustain above the psychological stronghold at $0.10. Is this the right time to buy?

Vikram is a technical analyst with several years of experience in the crypto market &amp; Indian Equity and F&amp;O Segment. He loves to learn anything and everything related to finance. He possesses strong technical and analytical skills, which he leverages to acquaint our audience with upcoming price trends for different coins.

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

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