Weekly IOTXUSD Technical Analysis and Forecast - Cryptocurrencies - Forecast City

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Weekly forecast		IoTeX technical chart
Symbol	IOTXUSD	Trading suggestion: By appearing primary signs of entering the market, new entry zone and short-term targets would be published.
Date	June 26, 2022 - 09:32
Current	downtrend
Forecast	continuation of downtrend
Midterm forecast: 0.06265 is a major resistance, while this level is not broken, the Midterm wave will be downtrend. Technical analysis: While the RSI downtrend #1 is not broken, bearish wave in price would continue. A trough is formed in daily chart at 0.02225 on 06/18/2022, so more gains to resistance(s) 0.03150, 0.04400 and maximum to Major Resistance (0.06265) is expected. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 50.

Symbol	Released	Current	Forecast
IoTeX (IOTXUSD)^new	Sat, 13 Apr 2024
IoTeX (IOTXUSD)	Sat, 6 Apr 2024
IoTeX (IOTXUSD)	Sun, 31 Mar 2024
IoTeX (IOTXUSD)	Sat, 23 Mar 2024
IoTeX (IOTXUSD)	Sun, 10 Mar 2024