IOST (IOST) Price Prediction 2023 — Will IOST Hit $0.1 Soon?
- Bullish IOST price prediction is $0.00938 to $0.02549.
- IOST (IOST) price might also reach $0.1 soon.
- Bearish IOST price prediction for 2023 is $0.00639.
In IOST (IOST) price prediction 2023, we use statistics, price patterns, RSI, RVOL, and other information about IOST to analyze the future movement of the cryptocurrency.
IOST (IOST) Current Market Status
| Current Price | $0.009360 |
| 24 – Hour Trading Volume | $10,060,696 |
| 24 – Hour Price Change | 0.1% down |
| Circulating Supply | 18,588,745,668 |
| All – Time High | $0.129829 (On Jan 24, 2018) |
IOST (IOST) Price Prediction 2023
IOST (IOST) holds the 174th position on CoinGecko right now. IOST price prediction 2023 is explained below with a daily time frame.
The above chart of IOST (IOST) laid out a Horizontal channel pattern, also known as sideways trend. In order to indicate how the price is constrained between the upper line of resistance and lower line of support, horizontal channels are trend lines that join changeable price highs and lows.
Currently, IOST (IOST) is in the range of $0.0092. If the pattern continues, the price of IOST might reach the resistance levels of $0.00938 and $0.01388. If the trend reverses, then the price of IOST may fall to $0.00778 and $0.00646.
IOST (IOST) Support and Resistance Levels
The chart below shows the support and resistance levels of IOST (IOST).
From the above chart, it observed that the following are the resistance and support levels of IOST.
| Resistance Level 1 | $0.01005 |
| Resistance Level 2 | $0.01642 |
| Resistance Level 3 | $0.02549 |
| Support Level | $0.00639 |
The charts show that IOST (IOST) has performed a bullish trend over the past month. If this trend continues, IOST might run along with the bulls overtaking its resistance level at $0.02549.
Accordingly, if the investors turn against crypto, the price of IOST (IOST) might plummet to almost $0.00639, a bearish signal.
IOST (IOST) Price Prediction 2023 — RVOL, MA, and RSI
The Relative Volume (RVOL) of IOST (IOST) is shown in the chart 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 of IOST lies below the cutoff line, indicating weak participants in the current trend.
Also, the Moving Average (MA) of IOST (IOST) is shown in the chart above. Notably, IOST (IOST) price lies below 50 MA (short-term), so it is downward . Currently, IOST has entered a bearish state. Therefore, there is a possibility of a reversal trend of IOST at any time.
Meanwhile, the relative strength index (RSI) of the IOST is 79.49. This means that IOST (IOST) is in an overbought state. However, this means a major price reversal of IOST may occur in the upcoming days. So, traders need to trade carefully.
IOST (IOST) Price Prediction 2023 — ADX, RVI
Let us now look at the Average Directional Index (ADX) of IOST (IOST). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.
The above chart represents the ADX of IOST (IOST). Currently, the ADX of IOST lies in the range of 20.32 and thus, it indicates a weak trend.
The above chart also represents the Relative Volatility Index (RVI) of IOST (IOST). RVI measures the constant deviation of price changes over a period of time. The RVI of IOST lies above 50, indicating high volatility. In fact, the RSI of IOST (IOST) is at 79.49 thus confirming a potential buy signal.
Comparison of IOST with BTC, ETH
The below chart shows the price comparison between Bitcoin (BTC), Ethereum (ETH), and IOST (IOST).
BTC Vs ETH Vs IOST Price Comparison (Source: Tradingview)
From the above chart, we can interpret that the price action of IOST is similar to BTC and ETH . This indicates that when the price of BTC and ETH increases or decreases the price of IOST also increases or decreases respectively.
IOST (IOST) Price Prediction 2024-2030
Numerous factors are taken into account when forecasting prices including volume changes, price variations, market cycles, and similar coins. Let’s predict the price of IOST (IOST) ) between 2024 and 2030.
IOST (IOST) Price Prediction 2024
If the declining price action completely slows down in momentum and the trend reverses, IOST (IOST) might probably attain $0.3 by 2024.
IOST (IOST) Price Prediction 2025
With several upgrades in the network, IOST (IOST) might enter a bullish trajectory. If the coin grabs the attention of major investors, IOST might rally to hit $0.5 by 2025.
IOST (IOST) Price Prediction 2026
If IOST (IOST) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 7 years, IOST would rally to hit $0.7.
IOST (IOST) Price Prediction 2027
If IOST (IOST) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 4 years, IOST would rally to hit $0.9.
IOST (IOST) Price Prediction 2028
If IOST (IOST) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 5 years, IOST would rally to hit $1.
IOST (IOST) Price Prediction 2029
IOST (IOST) holds up a strong stance as a better investment option for the next 6 years amid the trends in the highly-volatile crypto market. By driving significant price rallies, IOST would hit $3. in 2029.
IOST (IOST) Price Prediction 2030
If investors flock in and continue to place their bets on IOST (IOST), it would witness major spikes. IOST might hit $5 by 2030.
Conclusion
With continuous improvements in the IOSTNetwork, we can say that 2023 is a good year for IOST. For this reason, the bullish price prediction of IOST (IOST) in 2023 is $0.02549. On the other hand, the bearish price prediction of IOST (IOST) price prediction for 2023 is $0.00639.
Furthermore, with the advancements and upgrades to the IOST ecosystem, the performance of IOST would help to reach above its current all-time high (ATH) of $0.129829 very soon. But, it might also reach $0.1 if the investors believe that IOST is a good investment in 2023.
FAQ
IOST stands for Internet of Service Token. It is a self-possessed ultra-fast, fully-fledged and decentralized blockchain network. IOST’s blockchain network is open-source and designed to be secure and scalable.
IOST (IOST) has been listed on many crypto exchanges which include Binance, OKX, DigiFinex, FMFW.io, KuCoin.
With the ongoing developments and upgrades within the Basic Attention Token Platform, IOST has a high possibility of reaching its ATH soon.
On January 24, 2018 IOST (IOST) reached its new all-time high (ATH) of $0.129829.
IOST (IOST) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of Basic Attention Token In the past few months, IOST is considered a good investment in 2023.
IOST (IOST) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues then IOST (IOST) will hit $0.1soon.
Flamingo (FLM) price is expected to reach $3 by 2023. IOST (IOST) price is expected to reach $0.3 by 2024.
IOST (IOST) price is expected to reach $0.5 by 2025.
IOST (IOST) price is expected to reach $0.7 by 2026.
IOST (IOST) price is expected to reach $0.9 by 2027.
Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
Read more: https://thenewscrypto.com/iost-price-prediction
Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
