IoTeX (IOTXUSDT) 24-Hour Market Overview

IoTeX (IOTXUSDT) closed at 0.0216 (12:00 ET) after opening at 0.02196 (12:00 ET-1). The 24-hour range spanned 0.02119–0.0221, with total volume of 24.8M and minimal turnover data due to malformed input.

Summary

• Bearish engulfing and doji patterns highlight market indecision near 0.0213 support.
• 24-hour volume exceeds 24.8M, validating breakdowns below 0.0215 resistance.
• RSI at neutral 48, suggesting sideways consolidation ahead of momentum shifts.
• Fibonacci 38.2% (0.0215) and 61.8% (0.0213) act as key pivots.

Technical Analysis

Structure & Formations

The price tested 0.0213 (July 15 low) as support after a bearish engulfing candle on the 15th. A doji at 0.02185 (midday 15th) signals indecision, while resistance clusters at 0.0215–0.0216 appear intact.

Moving Averages

The 20-period MA on the 15-minute chart hovers near 0.0214, while the 50-period MA lags at 0.0212, reinforcing a bearish bias. Daily moving averages (50/100) remain bearish, with price below both.

MACD & RSI

The MACD line remains below its signal line, indicating bearish momentum. RSI at 48 suggests neutral conditions, but a downward cross below 45 could confirm further weakness.

Bollinger Bands

The price hugs the lower band (0.0211) amid contraction, signaling low volatility. A breakout above 0.0216 (upper band) may signal a reversal.

Volume & Turnover

Volume spiked to 2.23M on July 15 at 12:45 ET, aligning with a 0.0214–0.0211 drop. Low overnight volume suggests waning interest, though recent turnover data is incomplete.

Fibonacci Retracements

The 0.0221–0.02119 swing’s 38.2% retracement (0.0215) and 61.8% (0.0213) form critical resistance/support zones.

Outlook

IoTeX may test 0.0213 support over the next 24 hours, with a breach targeting 0.0210. Bullish reversals above 0.0216 could retest 0.0220 resistance. Traders should monitor volume confirmations and RSI divergence risks. As always, volatility may amplify rapidly; risk management remains critical.