#CryptoAnalysis" 📌 IOST/USDT (Daily Chart) Analysis IOST
Sofia371
Updated at: 3 hours ago
{"content":"#CryptoAnalysis"
📌 IOST/USDT (Daily Chart) Analysis
IOST formed a symmetrical triangle pattern, and today it gave a bullish breakout. This breakout indicates strong buying pressure as the volume also spiked significantly.
🔹 Price Action:
For the past several days, the price was consolidating inside the triangle.
Today’s bullish candle confirmed an upward move instead of breaking down.
The current price is around 0.00396, and if it holds above 0.00410, the chances of further upside will increase.
🔹 Moving Averages:
The candle closed above both the short-term (MA 9) and medium-term (MA 20).
This shows momentum is shifting in favor of the buyers.
🔹 Key Levels:
Resistance: 0.00410 → 0.00440 → 0.00470
Support: 0.00365 → 0.00350
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🎯 Trading View
If the price confirms above 0.00410, the next possible targets are 0.00440 – 0.00470.
However, if it falls back inside the triangle, short-term support lies at 0.00365 and then 0.00350.
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✅ Conclusion
IOST has shown a bullish breakout, and if the next 1-2 candles provide confirmation, the market could see further upside movement.
$IOST
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