Date: Fri, Jan 03, 2025, 05:57 PM GMT
The cryptocurrency market is witnessing upside rallies as BTC dominance declines following December's significant correction. Bitcoin (BTC) has rebounded strongly, climbing from its December 31 low of $92,000 to approach $98,000 today. This recovery has started to positively influence altcoins, including IoTeX (IOTX), which experienced a pullback after a strong rally in November.
However, amid the recent correction, IOTX’s monthly performance has faced a decline of 32%, but the token is showing signs of recovery with an impressive 11% gain over the past week.

Source: Coinmarketcap
Complete Retest Post-Major Breakout
IoTeX (IOTEX) has been on an impressive bullish trajectory, breaking out of a Descending Triangle pattern that persisted for nearly three years. This breakout occurred on November 18, 2024, when $IOTX surged above its descending resistance trendline, pushing its price to a high of $0.06735.

IoTeX (IOTEX) 1D Chart/ Coinsprobe
Following the broader market correction in December, IOTX successfully retested the descending resistance line near the $0.035 level, which has now transformed into a strong support zone. This retest validates the breakout and demonstrates the token's resilience. As of now, IOTX is trading at $0.04283, firmly holding above the key support level, and showing promising signs for another upward rally.
From the current price, IOTX has the potential to revisit its recent high of $0.06735, marking a significant 106% gain.
Technical Indicators Signal Strength
MACD (Moving Average Convergence Divergence): The MACD line is positioned above the signal line, indicating bullish momentum. The histogram also supports this view, showing a gradual increase in upward pressure.RSI (Relative Strength Index): Currently at 50.57, the RSI remains neutral but leans toward bullish territory. This positioning suggests that IOTEX still has room to climb before reaching overbought levels.
Is a Rally on the Horizon?
With BTC dominance dropping to 57%, the market is showing signs of renewed strength, creating favorable conditions for altcoins like IOTX. The completion of its retest following the major breakout adds to the positive outlook. If the bullish momentum continues, IOTX is well-positioned for a potential rally toward its next resistance levels, with a significant upside ahead.
Get more updates on: coinsprobe.com
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
#IOTX

最近板块轮动，由 Solana > Base > Ton 土狗，相信很多都 FOMO 了吧！每次注意到的时候是不是就直接上车了，最终亏损割肉离开？那何不考虑投资互联网3的未来 - Iotx 呢？近期 $Iotx 的 AMA 透露四月的升级计划 ：
关注要点：
🔸TloTeX - DePIN 项目的核心枢纽
🔸技术堆栈简化
🔸优化Tokenomics、设备集成改进与 DeFi
🔸R3AL World 事件扩展
🔸防止Rug pulls、探索 MachineFi NFTs
概述
@$IOTX 是 DEPIN 里的龙头老大！它的全名是 Internet of Things (IoT) 网络的基础设施。创立于 2017 年，目前，它的实时价格为 0.07517 美元，市值排名第 147。
历史最高： $0.2611 , 历史最低： $0.001239
团队背景
loTeX 总部位于硅谷，团队由 30 多名来自 Uber、Google、Intel、Facebook 和其他顶级科技公司的顶级工程师和科学家组成。目前，平台由60多个全球代表维护，包括 Blockfolio、CoinGecko、DraperDragon等。
🔸Raullen Chai
loTeX 联合创始人兼首席执行官，滑铁卢大学计算机科学博士。曾任 Uber 加密研发负责人、Google 技术主管。
🔸Qevan Guo
loTex 联合创始人，新加坡国立大学机器学习和计算机视觉博士。曾任 Facebook 的产品主管。
🔸Xinxin Fan
loTeX 联合创始人，滑铁卢大学密码学博士。曾在 Bosch 担任高级研究科学家。
🔸JingSun
loTeX 联合创始人，曾在硅谷创投公司 Sparkland Capital，任职管理合伙人。
当前投资方
SamsungNEXT, Draper, GoodWater, Jump, Wintermute, EV3, Hashkey, Blockchange, IOSG, Hanwha, Wemade, NGC, Hashed, Kenetic, Xoogler

总结来说， $IOTX 拥有强大顶尖的的团队。 身为龙头老大的 $IOTX 在 DePIN 赛道扮演着重要的角色，连接物理世界和 Web3 的桥梁， 用更低成本和更高的效率满足需求。 未来一定增长迅速皆因更成熟的技术和数据处理。
以下附上 DePIN 公共数据平台 DePINscan 显示的增长数据 📊 👇

#IOTX物联网+AI #iotx