- Bullish IOTX price prediction ranges from $0.10 to $0.25.
- IOTX price might also reach $0.3 soon.
- IOTX bearish market price prediction for 2021 is $0.044.
This IoTeX (IOTX) Price Prediction 2022 article is based on technical analysis alone. Below, you will see the key measures that we have taken into consideration upon coming up with our IOTX price analysis and prediction.
There is an ever-surging hype surrounding the crypto world. However, many cryptos spiked to a new all-time high during this 2021 bull run. In contrast, some crypto also had a downtrend. Therefore, many cryptocurrency traders and investors are confused about whether it is time to hold or sell their crypto for a good price. This might be the same scenario for the IOTX traders and investors. The price of IOTX increased by 41% in the past one year.
On the other hand, the crypto market is consolidating lately, and most cryptos are losing their previous gains. Is the IOTX price experiencing the same scenario? We’ll find out shortly in this IOTX price analysis 2022 article. But first, let’s have a look at what IOTX is.
What is IoTeX (IOTX)?
IoTeX is the auto-scalable and privacy-centric blockchain system for the Internet of Things (IoT). Moreover, the IoTeX’s global team consists of Ph.Ds in Distributed Systems, Cryptography, and Machine Learning, top-tier engineers, and experienced ecosystem builders.
IoTeX is developing several in-house technologies to push the frontier of blockchain 3.0, including a blockchains-in-blockchain architecture for heterogeneous computing, lightning-fast Roll-DPoS consensus mechanism, and lightweight privacy-preserving methodologies. IoTeX brings autonomous device coordination to the masses by combining the physical world, block by block.
Now that we have an idea about IOTX, do you think IOTX will be profitable crypto in 2022? Join me and let us see the charts in this IOTX price analysis and IOTX price prediction.
IoTeX (IOTX) Current Market Status
As of the time of writing this IoTeX price analysis, IOTX trades at $0.07068 with a 24-hour trading volume of $39,899,971. The price of IOTX has increased by 3.83% in the last 24 hours.
Furthermore, the network has a current circulating supply of 9.54B IOTX. Currently, the top cryptocurrency exchanges for IOTX are Binance, Kucoin, Mexc, Lbank, Huobi Global, Upbit, HBTC, and Xtheta Global.
Now, let’s proceed to the next part of this IOTX technical analysis for 2022.
IoTeX (IOTX) Price Analysis 2022
Currently, IoTeX holds 94th place on CoinMarketCap. But will the latest upgrades, development, and changes in the IOTX blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this IOTX price prediction article.
Keltner channel is a technical analysis indicator that is used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for IoTex (IOTX), it could be seen that the recent reversal could continue since the last candlestick is approaching the middle from the bottom. This shows that the present increase in the price of IOTX might be sustained for some days before any reversal would be expected.
The Relative Strength Index (RSI) measures the relative momentum in the magnitude of recent price changes so as to deduce oversold or overbought assets. The RSI value of the 1day chart of IOTX/USDT is at 44.65. This shows that IOTX is showing a neutral trend since it is between 30 and 50. With the current price action that has seen it gain for some days, the value might rise above 50, so as to indicate that the trend is strong.
The chart above shows that the 200-MA is a little below the 100-MA. This shows that IOTX is approaching a point where traders should be observant to know the actual direction of the market before making huge trades. However, this little gap will also profit short-term investors.
IoTeX (IOTX) Price Prediction
The chart below shows that IoTeX has performed great over the past few days. Moreover, the IOTX price is over 5.1% in the last 7 days. If this trend continues, IOTX might run along with the bulls, overtaking its $0.10319 resistance1 level and climbing higher to $0.25349 at resistance 3 level, the bullish signal for 2022.
Conversely, if the investors turn against the crypto, the bears might take over and dethrone IOTX from its uptrend position. In simpler terms, the price of IOTX might plummet to almost $0.04448, a bearish signal.
Meanwhile, our long-term IOTX price prediction for 2022 is bullish. It has a high possibility of surpassing its current all-time-high (ATH) at about $0.26 this year. However, that will only happen if it breaks many previous psychological resistances.
IoTeX (IOTX) Price Prediction 2022
If this bullish trend continues, IOTX will reach $0.25 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $0.15. Then this rise will slow down, but no major falls are expected. With upcoming, partnerships, and developments reaching $0.30 is quite optimistic in the price point of view but undoubtedly feasible for the near future.
IoTeX (IOTX) Price Prediction 2023
The price of IOTX can move even great heights, however reaching $1 Moreover, this is possible only if the market maintains its bullish trend. In addition, only if the cryptocurrency IOTX breaks past the psychological resistance level.
IoTeX (IOTX) Price Prediction 2024
As per the latest upgrades, developments, IOTX price prediction, and new project forecasts of the platform. Moreover, this might boost the price of IOTX in the crypto market, and it will be the best investment as the price can spike and reach around $4.
IoTeX (IOTX) Price Prediction 2025
In the next four years, IOTX prices could race up to $7. However, reaching this level could not be so difficult for IOTX as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that IOTX has a high possibility of reaching a new ATH soon in the next five years as per the prediction.
IoTeX (IOTX) Price Prediction 2026
In the next five years, IOTX prices could race up to $15. However, reaching this level could not be so difficult for IOTX as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that IOTX has a high possibility of reaching a new ATH soon in the next five years as per the prediction.
Conclusion
IoTeX has a bright future ahead in 2022. With the ongoing developments happening within the IOTX ecosystem, as well as in the overall crypto market, we may see IOTX reach new heights.
Bullish IOTX price prediction 2022 is $0.25. However, it may even reach $0.3 if investors have decided that IOTX is a good investment in 2022, along with mainstream cryptocurrencies like Bitcoin and Ethereum.
FAQ
IoTeX is the auto-scalable and privacy-centric blockchain platform for the Internet of Things (IoT). IoTeX also has its native digital asset called IOTX coin.
Users can obtain IOTX coins by purchasing them from cryptocurrency exchanges such as Huobi Global or Binance.
IOTX is a good investment in 2022. However, IOTX has a high possibility of surpassing its current ATH at about $0.2611 this year.
Yes, it’s very much possible that IOTX might reach $0.3 in the near future as per the current bullish trend.
The IoTeX (IOTX) price is expected to reach $0.25 by 2022.
The IoTeX (IOTX) price is expected to reach $1 by 2023.
The IoTeX (IOTX) price is expected to reach $4 by 2024.
The IoTeX (IOTX) price is expected to reach $7 by 2025.
The IoTeX (IOTX) price is expected to reach $15 by 2026.
Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.
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