- The bullish IOTX price forecast is $0.04471 to $0.16953.
- IoTeX (IOTX) The price may also reach $0.5 soon.
- The bearish IOTX price prediction for 2022 is $0.02485.
In the IoTeX (IOTX) Price Forecast for 2022, we use statistics, price patterns, RSI, RVOL, and other information about IOTX to analyze the future movement of cryptocurrencies.
Current Market Status for IoTeX (IOTX)
according to Queen GekkoIoTeX (IOTX) price is $0.03318783 with a 24-hour trading volume of $18,607,511 at the time of writing. However, IOTX has increased by about 5.4% in the last 24 hours.
Moreover, IoTeX (IOTX) has a circulating supply of 9,456,548,072 IOTX. Currently, IoTeX (IOTX) trades on crypto exchanges such as Binance, KuCoin, Gate.io, Coinbase Exchange, Upbit and Huobi Global.
What is IoTeX (IOTX)?
IoTeX (IOTX) is an Ethereum token that powers IoTeX, a platform that connects IoT devices (such as cameras and sensors) and decentralized applications. IOTX can be used to pay for transactions, share, control the IoTeX network, and register new devices.
IoTeX aims to become like the spinal cord and nervous system of IoT systems. Designed to connect the physical world of block internet devices, IoTeX will be fast and scalable. The IOTX token is an ERC-20 token that will be swapped to a native token. Once the original token has been swapped, it will tell the IOTX ticker token and will be minable for the next 50 years. IOTX can be stored in any ERC-20 compatible wallet, however, once you exchange it with the original IOX token the original IoTeX wallet will need to be.
IoTeX (IOTX) Price Forecast 2022
IoTeX (IOTX) is currently ranked 136th on CoinGecko. The IOTX price forecast for 2022 is explained below with a daily time frame.
The above chart for IoTeX (IOTX) depicts a bearish channel pattern. A descending channel is also known as a descending channel. The descending channel consists of two parallel trend lines. The upper trend line, which joins the highs, and the lower trend line, which joins the lows, run parallel to the bottom. This pattern is characteristic of a bear market.
Currently, IoTeX (IOTX) is in the range of $0.03132. If the pattern continues, IOTX price could reach the $0.04118, $0.6170, $0.11065 and $0.26500 resistance levels. If the trend reverses, IOTX may drop to $0.02284.
IoTeX (IOTX) Support and Resistance Level
The chart below shows the support and resistance levels for IoTeX (IOTX).
From the above daily time frame, we can clearly interpret the following as the resistance and support levels for IoTeX (IOTX).
|resistance level 1||0.04471 USD|
|resistance level 2||0.06698 USD|
|resistance level 3||$0.11680|
|resistance level 4||$0.16953|
The charts show that IoTeX (IOTX) has conducted an upward trend over the past month. If this trend continues, IOTX may work in tandem with the bulls breaking the resistance level at $0.16953.
Accordingly, if investors turn on the cryptocurrency, the price of IoTeX (IOTX) could drop to close to $0.02485, which is a bearish sign.
IoTeX (IOTX) Price Forecast 2022 – RVOL, MA and RSI
The relative volume (RVOL) of IoTeX (IOTX) is shown in the graph below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. Currently, the RVOL for IOTX is below the cutoff line, indicating weakness of participants in the current trend.
Also, the moving average (MA) for IoTeX (IOTX) is shown in the above chart. Notably, the price of IoTeX (IOTX) is below the 50 MA (short term), so it is in a downtrend. Currently, IOTX is in a downturn. Therefore, there is a possibility of a reversal of the IOTX trend at any time.
Meanwhile, the Relative Strength Index (RSI) for IOTX is 44.29. This means that IoTeX (IOTX) is in an oversold state. However, this means that a major IOTX price reversal may occur in the coming days. Therefore, traders need to trade carefully.
IoTeX (IOTX) Price Forecast 2022 – ADX, RVI
Let’s now take a look at the Average Directional Indicator (ADX) for IoTeX (IOTX). It helps to measure the overall strength of a trend. The indicator is the average of the values of the expanding price range. This system attempts to measure the strength of price action in positive and negative trends using DMI indicators with ADX.
The above chart represents the ADX indicator for IoTeX (IOTX). Currently, the IOTX ADX is in the range of 19.81648 and is therefore indicating a weak trend.
The above chart also represents the IoTeX (IOTX) Relative Volatility Index (RVI). RVI measures the continuous deviation of price changes over a period of time. RVI for IOTX is above 50, which indicates high volatility. In fact, the IoTeX Relative Strength Index (IOTX) is at 44.29 confirming a possible buy signal.
Comparison of IOTX with BTC and ETH
The chart below shows a price comparison between Bitcoin (BTC), Ethereum (ETH), and IoTeX (IOTX).
From the above chart, it can be explained that ETH, BTC, and IOTX are moving in a similar direction. This indicates that when the price of BTC increases or decreases, the price of ETH and IOTX also increases or decreases, respectively.
IoTeX (IOTX) Price Forecast 2023
If the declining price movement completely slows down and the trend reverses, IoTeX (IOTX) will likely reach $1 by 2023.
IoTeX (IOTX) Price Forecast 2024
With several network upgrades, IoTeX (IOTX) may enter an upward trajectory. If the coin grabs the attention of major investors, IOTX could rise to $2 by 2024.
IoTeX (IOTX) Price Forecast 2025
If IOTX (IOTX) maintains key resistance levels and continues to be recognized as a better investment option among investors over the next three years, IOTX will rise to $3.
IoTeX (IOTX) Price Forecast 2026
If IOTX (IOTX) maintains key resistance levels and continues to be recognized as a better investment option among investors over the next four years, IOTX will rise to $4.
IoTeX (IOTX) Price Forecast 2027
If IoTeX (IOTX) maintains key resistance levels and continues to be recognized as a better investment option among investors over the next five years, IOTX will rise to $5.
IoTeX (IOTX) Price Forecast 2028
If IoTeX (IOTX) maintains a strong position as a better investment option for the next six years amid the trends in the highly volatile cryptocurrency market. By driving significant price hikes, IOTX will reach $6 in 2028.
IoTeX (IOTX) Price Forecast 2029
If investors flock and continue to place their bets on IoTeX (IOTX), this will see significant upsides. IOTX could reach $7 by 2029.
IoTeX (IOTX) Price Predictions 2030
With greater developments in the IoTeX ecosystem, the crypto community may continue to invest in IOTX over the next eight years and drive the price of the token significantly higher. Thus, the price of IoTeX (IOTX) could reach $8 by 2030.
With the continuous improvements in the IoTeX network, we can say that 2022 is a good year for IOTX. Because of this, the bullish price forecast for IoTeX (IOTX) in 2022 is $0.16953. On the other hand, the bearish price forecast for IoTeX (IOTX) for 2022 is $0.02485.
Moreover, with developments and upgrades in the IoTeX ecosystem, it will help IOTX performance reach an all-time high (ATH) of $0.255593 soon. But, it could also reach $0.5 if investors think IOTX is a good investment in 2022.
IoTeX is a direct graph smart contract (DAG) platform that provides decentralized finance (DeFi) services to developers using its own consensus algorithm.
IoTeX (IOTX) is listed on several cryptocurrency exchanges including Binance, KuCoin, Gate.io, Coinbase Exchange, Upbit and Huobi Global.
With the continuous developments and updates within the IOTX platform, it has a high potential to reach ATH soon.
On November 13, 2021, IOTX reached an all-time high (ATH) of $0.255593.
IoTeX (IOTX) appears to be one of the most profitable cryptocurrencies this year. According to the achievements of IOTX in the past few months, IOTX is a good investment in 2022.
IoTeX (IOTX) is one of the active cryptocurrencies that is still maintaining its bullish state. Finally, if this bullish trend continues, IoTeX (IOTX) will reach $0.5 soon.
The price of IoTeX (IOTX) is expected to reach $1 by 2023.
The price of IoTeX (IOTX) is expected to reach $2 by 2024.
The price of IoTeX (IOTX) is expected to reach $3 by 2025.
The price of IoTeX (IOTX) is expected to reach $4 by 2026.
Disclaimer: The opinion expressed in this graph is that of the author only. It is not to be construed as investment advice. TheNewsCrypto team encourages everyone to do their own research before investing.
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