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IOST Retesting Falling Wedge Breakout: Could a Reversal Be Near?
Date: Fri, Dec 27, 2024, 03:54 PM GMT
In the cryptocurrency market, since the past two weeks we are seeing major corrections in altcoins as Bitcoin (BTC) has dropped from its recent all-time high (ATH) of $108,000 to its current price of $94,500. Amid this, $IOST has also experienced a pullback, hitting a low of $0.57 before recovering to its current price of $0.66.
Source: Coinmarketcap
The recent price action suggests a potential bullish reversal could be underway, as highlighted by crypto chart expert @JohncyCrypto.
Retesting Its Falling Wedge
IOST has recently achieved a noteworthy technical breakout from a long-standing Falling Wedge pattern, a bullish reversal setup that has been developing for over three years. This pattern is characterized by converging descending trendlines of support and resistance, reflecting decreasing selling pressure over time.
Source: @JohncyCrypto (X)
Recently, IOST breached the wedge’s upper boundary with a sharp move upward, but the price has since retraced to retest the breakout level near $0.0060. Retests are critical in confirming a breakout’s validity. The current price action aligns with this behavior, as IOST hovers near the breakout point while forming higher lows—indicative of potential bullish continuation.
As per analysts, if IOST sustains above the breakout zone, it could target key resistance levels at $0.012, $0.0145, $0.0195, $0.0270, and $0.0404.
These levels correspond to significant resistance zones identified through historical price action and volume profile analysis.
Could a Reversal Be Near?
The broader altcoin recovery will depend on Bitcoin dominance, which currently stands at 57.89%. A decline in Bitcoin dominance could favor altcoins like IOST, as capital rotates from Bitcoin into the altcoin market.
However, caution is warranted. If IOST fails to sustain above the breakout level near $0.0060, it could re-enter the wedge and potentially retest lower support levels around $0.0045.
Get more updates on: coinsprobe.com
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making investment decisions.
#IOST
In the cryptocurrency market, since the past two weeks we are seeing major corrections in altcoins as Bitcoin (BTC) has dropped from its recent all-time high (ATH) of $108,000 to its current price of $94,500. Amid this, $IOST has also experienced a pullback, hitting a low of $0.57 before recovering to its current price of $0.66.
Source: Coinmarketcap
The recent price action suggests a potential bullish reversal could be underway, as highlighted by crypto chart expert @JohncyCrypto.
Retesting Its Falling Wedge
IOST has recently achieved a noteworthy technical breakout from a long-standing Falling Wedge pattern, a bullish reversal setup that has been developing for over three years. This pattern is characterized by converging descending trendlines of support and resistance, reflecting decreasing selling pressure over time.
Source: @JohncyCrypto (X)
Recently, IOST breached the wedge’s upper boundary with a sharp move upward, but the price has since retraced to retest the breakout level near $0.0060. Retests are critical in confirming a breakout’s validity. The current price action aligns with this behavior, as IOST hovers near the breakout point while forming higher lows—indicative of potential bullish continuation.
As per analysts, if IOST sustains above the breakout zone, it could target key resistance levels at $0.012, $0.0145, $0.0195, $0.0270, and $0.0404.
These levels correspond to significant resistance zones identified through historical price action and volume profile analysis.
Could a Reversal Be Near?
The broader altcoin recovery will depend on Bitcoin dominance, which currently stands at 57.89%. A decline in Bitcoin dominance could favor altcoins like IOST, as capital rotates from Bitcoin into the altcoin market.
However, caution is warranted. If IOST fails to sustain above the breakout level near $0.0060, it could re-enter the wedge and potentially retest lower support levels around $0.0045.
Get more updates on: coinsprobe.com
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making investment decisions.
#IOST
💰 IOST Analysis- 👀
Token has broken out of a falling wedge pattern on weekly timeframe🧐
Current price action shows retest of the broken pattern💁♂️
Upon confirmation we could see targets at $0.012, $0.0145, $0.0195, $0.0270 and $0.0404🎯
#Crypto2025Trends #CryptoDawar #IOST #CryptoRegulation2025 #XmasCryptoMiracles $IOST
Token has broken out of a falling wedge pattern on weekly timeframe🧐
Current price action shows retest of the broken pattern💁♂️
Upon confirmation we could see targets at $0.012, $0.0145, $0.0195, $0.0270 and $0.0404🎯
#Crypto2025Trends #CryptoDawar #IOST #CryptoRegulation2025 #XmasCryptoMiracles $IOST
Leo_Fx:
So it's a good moment to stack some long positions??
$IOST /USDT is a blockchain platform designed to provide high throughput and scalability for decentralized applications (dApps)
As of December 23, 2024, IOST is trading at approximately $0.0067 USD, with a 24-hour trading volume of around $15.89 million.
The platform utilizes a consensus mechanism called Proof of Believability (PoB) to achieve high transaction speeds and scalability, aiming to support a decentralized economy's security and scalability requirements
#IOST
#BTCNextMove
#CorePCESignalsShift
$BTC
$IOST
As of December 23, 2024, IOST is trading at approximately $0.0067 USD, with a 24-hour trading volume of around $15.89 million.
The platform utilizes a consensus mechanism called Proof of Believability (PoB) to achieve high transaction speeds and scalability, aiming to support a decentralized economy's security and scalability requirements
#IOST
#BTCNextMove
#CorePCESignalsShift
$BTC
$IOST
See original
IOST Progress Biweekly Report｜2024.12.10–2024.12.23
#IOST Introduction
IOST was founded in 2017 and is headquartered in Singapore, supported by top global investment institutions such as Sequoia Capital, Matrix, and ZhenFund. Today, IOST is comprehensively upgrading to a Web3 decentralized payment network through PayPIN. With PayPIN, IOST has built a decentralized Web3 payment network aimed at fundamentally changing the payment experience in the Web3 space.
Based on IOST 3.0, PayPIN utilizes a chain abstraction layer, decentralized identity (DID), and a unified payment protocol to achieve seamless cross-chain payments and multi-chain asset management. To further enhance performance and scalability, PayPIN integrates the Layer-2 solution PayFi, enabling it to connect a wider blockchain ecosystem and support various payment scenarios.
IOST was founded in 2017 and is headquartered in Singapore, supported by top global investment institutions such as Sequoia Capital, Matrix, and ZhenFund. Today, IOST is comprehensively upgrading to a Web3 decentralized payment network through PayPIN. With PayPIN, IOST has built a decentralized Web3 payment network aimed at fundamentally changing the payment experience in the Web3 space.
Based on IOST 3.0, PayPIN utilizes a chain abstraction layer, decentralized identity (DID), and a unified payment protocol to achieve seamless cross-chain payments and multi-chain asset management. To further enhance performance and scalability, PayPIN integrates the Layer-2 solution PayFi, enabling it to connect a wider blockchain ecosystem and support various payment scenarios.
Feed-Creator-2c52a2f75:
文案是相当好，也足够勤奋，成果一堆，价值体现不到价格上那就是无用功，不体现在价格上的价值于公司和投资人来说就是个屁
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Let's HoDL? #IOST
What do the binancers think about this graph and the possibilities of it reaching its ATH?
Share your opinions!
What do the binancers think about this graph and the possibilities of it reaching its ATH?
Share your opinions!
$IOST
/USDT Trade Signal (Spot/Futures)
Entry: $0.0065-$0.0067
Target 1 (TP1): $0.0070
Target 2 (TP2): $0.0075
Stop Loss (SL): $0.0062
Leverage (Futures): 3-5x recommended.
Trend: Consolidating near recent lows; breakout above $0.0067 could trigger recovery.
Action: Take partial profit at TP1; move SL to entry above $0.0070 for higher targets.
#CryptoSignals #IOST
/USDT Trade Signal (Spot/Futures)
Entry: $0.0065-$0.0067
Target 1 (TP1): $0.0070
Target 2 (TP2): $0.0075
Stop Loss (SL): $0.0062
Leverage (Futures): 3-5x recommended.
Trend: Consolidating near recent lows; breakout above $0.0067 could trigger recovery.
Action: Take partial profit at TP1; move SL to entry above $0.0070 for higher targets.
#CryptoSignals #IOST
#IOST
IOST is an ultra-fast, decentralized blockchain network developed to address scalability and security challenges in the blockchain space. It utilizes a unique consensus algorithm called "Proof of Believability" (PoB) to achieve high transaction throughput.
Key Features of IOST:
Scalability: With a block time of 0.5 seconds and a throughput of up to 8,000 transactions per second (TPS), IOST supports the development of decentralized applications (dApps) without speed concerns.
Affordability: Users can obtain free resources by staking IOST tokens, reducing transaction costs.
Developer-Friendly: IOST supports JavaScript, enabling developers to build on the platform using a widely-known programming language.
Recent Developments:
In December 2024, IOST announced a rebranding initiative and introduced PayPIN, aiming to explore global Web3 payment solutions.
Roadmap Highlights for 2024:
Q1 2024:
Mainnet upgrade to optimize TPS for enhanced dApp performance.
Wallet upgrades, including support for custom Remote Procedure Calls (RPCs).
Exploration of cross-chain solutions and integration with Internet of Things (IoT) devices.
Incubation of Web3 and AI dApp projects.
Expansion into markets such as Hong Kong, Vietnam, Turkey, and Dubai.
Q2 2024:
Formal verification of the IOST consensus algorithm to enhance stability.
Upgrade to IOST Block Explorer 2.0.
Continued development in DeFi, NFT, GameFi, and Web3 infrastructure.
Collaboration with partners in Hong Kong on Real World Assets (RWA) and Security Token Offerings (STO).
Organization of hackathons and offline events to engage developers and the community.
Expansion of community key opinion leaders (KOLs) globally.
Where to Buy IOST:
IOST is available on various cryptocurrency exchanges, including Binance, Bittrex, CoinEx, Livecoin, and Bitrue.
For more detailed information, visit the official IOST website:
IOST is an ultra-fast, decentralized blockchain network developed to address scalability and security challenges in the blockchain space. It utilizes a unique consensus algorithm called "Proof of Believability" (PoB) to achieve high transaction throughput.
Key Features of IOST:
Scalability: With a block time of 0.5 seconds and a throughput of up to 8,000 transactions per second (TPS), IOST supports the development of decentralized applications (dApps) without speed concerns.
Affordability: Users can obtain free resources by staking IOST tokens, reducing transaction costs.
Developer-Friendly: IOST supports JavaScript, enabling developers to build on the platform using a widely-known programming language.
Recent Developments:
In December 2024, IOST announced a rebranding initiative and introduced PayPIN, aiming to explore global Web3 payment solutions.
Roadmap Highlights for 2024:
Q1 2024:
Mainnet upgrade to optimize TPS for enhanced dApp performance.
Wallet upgrades, including support for custom Remote Procedure Calls (RPCs).
Exploration of cross-chain solutions and integration with Internet of Things (IoT) devices.
Incubation of Web3 and AI dApp projects.
Expansion into markets such as Hong Kong, Vietnam, Turkey, and Dubai.
Q2 2024:
Formal verification of the IOST consensus algorithm to enhance stability.
Upgrade to IOST Block Explorer 2.0.
Continued development in DeFi, NFT, GameFi, and Web3 infrastructure.
Collaboration with partners in Hong Kong on Real World Assets (RWA) and Security Token Offerings (STO).
Organization of hackathons and offline events to engage developers and the community.
Expansion of community key opinion leaders (KOLs) globally.
Where to Buy IOST:
IOST is available on various cryptocurrency exchanges, including Binance, Bittrex, CoinEx, Livecoin, and Bitrue.
For more detailed information, visit the official IOST website:
💥💥💥#IOST BULLISH momentum on IOST💥💥💥🔥💥🔥✨✨✨✨✨✨✨JOIN the BULLSSSSSS
👉IOST is a crucial support level at 0.0067$
👉a break above previous daily high(0.0095$) with trigger a further upside to the max target 0.0125 which is about to get there until 11 january
🌟🌟🌟🌟🌟🌟A weekly RSI close below 50 will confirm my bullish thesis 95%
👉Entry now 0.0067$
✨👉💲 take profit 1st 0.0095$
2ond maximum target At 0.0125$
👉LEVERAGE x10
👉IOST is a crucial support level at 0.0067$
👉a break above previous daily high(0.0095$) with trigger a further upside to the max target 0.0125 which is about to get there until 11 january
🌟🌟🌟🌟🌟🌟A weekly RSI close below 50 will confirm my bullish thesis 95%
👉Entry now 0.0067$
✨👉💲 take profit 1st 0.0095$
2ond maximum target At 0.0125$
👉LEVERAGE x10
See original
#$IOST in the coin lineup is moving like #iost #tia #gmt #idex , and I see that iost is running the strongest, the chart is the healthiest. However, there's one problem, looking at the order book and the matched orders, there are too many fake orders, it looks like this one has a small market cap so it's easy to use a bot to place orders.
Anyway, I don't do margin or futures, just buy and hold to earn 20%, whenever the market makers give me a chance, I'll take it, kkk
Anyway, I don't do margin or futures, just buy and hold to earn 20%, whenever the market makers give me a chance, I'll take it, kkk
See original
Future Outlook:
If IOST can expand its ecosystem and embrace more developers and users, it could see a significant increase in its value. The recent update to its tokenomics with a focus on staking, token burning, and community growth could be a sign of maturity and upside potential.
However, competition in the blockchain space is fierce, and IOST’s ability to stand out among other smart contract and DeFi platforms will be crucial to its success.
IOST shows potential to be a promising cryptocurrency, especially if it can capture a significant share of the dApp and decentralized online services market. However, as with any cryptocurrency investment, it is essential to conduct thorough due diligence, consider market volatility, and be prepared for the risks inherent in this type of digital asset.
$IOST #iost #btc #bnb #usual
If IOST can expand its ecosystem and embrace more developers and users, it could see a significant increase in its value. The recent update to its tokenomics with a focus on staking, token burning, and community growth could be a sign of maturity and upside potential.
However, competition in the blockchain space is fierce, and IOST’s ability to stand out among other smart contract and DeFi platforms will be crucial to its success.
IOST shows potential to be a promising cryptocurrency, especially if it can capture a significant share of the dApp and decentralized online services market. However, as with any cryptocurrency investment, it is essential to conduct thorough due diligence, consider market volatility, and be prepared for the risks inherent in this type of digital asset.
$IOST #iost #btc #bnb #usual