$IOST RSI 64.54 and approaching the 70 level and approaching the overbought zone. It shows that the price is in an uptrend, but if it rises above 70, a correction may come.
The MACD histogram is in the positive zone and above the signal line. This shows that the bullish momentum is strong.
Stochastic RSI: 94.52 is in the overbought zone and there is a risk of retracement. A correction may come in the short term.
There is a significant increase in volume in the last rise.
The increasing volume supports the strong uptrend.
The short-term MA(5) is above the long-term MA(10) and this supports the uptrend.
The uptrend is dominant, but there is a risk of correction in overbought areas.
Possible Scenarios:
Upward: If the breakout occurs above 0.008333, 0.009568 can be tested.
Downside: Support levels of 0.007300 and 0.006976 are important.
Short-term bullish momentum may continue as volume increases and MACD is positive.
RSI and Stochastic RSI are overbought, so the risk of correction should be considered. NOT INVESTMENT ADVICE#OnChainLendingSurge #IOST/USDT