IOST Price Prediction 2021 – Will IOST Hit $0.1 Soon?
IOST is a cryptocurrency that has been making waves in the crypto-world. Its price has surged by over 100% in the last month, and it is now trading at $0.03 per coin.
IOST is a project that has been in the works for a while and it’s finally getting ready to launch. The price prediction 2025 makes this coin an attractive investment opportunity.
The range of bullish IOST price predictions is $0.039 to $0.081.
It’s possible that the IOST price will hit $0.1.
For 2021, the IOST pessimistic market price forecast is $0.009.
We utilize data, price trends, ADX, and other information about IOST to evaluate the cryptocurrency’s future movement in IOST price forecast 2021.
The Internet of Service Token (IOST) is a self-contained, ultra-fast, fully-featured, and decentralized blockchain network and ecosystem with its own nodes, wallets, and consensus mechanism. The blockchain network used by IOST is open-source and has been intended to be safe and scalable. The Proof of Believability (PoB) consensus algorithm underpins IOST.
IOST’s Current Market Situation (IOST)
At the time of writing, the price of IOST was $0.03121, with a 24-hour trading volume of $136,759,703 according to Coingecko. In the past 24 hours, however, IOST has risen to 2.36 percent.
Furthermore, there are 16.45 billion IOST coins in circulation. IOST is currently traded on Binance, OKEx, Tokocrypto, Huobi Global, and Upbit, among other cryptocurrency exchanges.
Price Prediction for IOST (IOST) in 2021
On CoinGecko, IOST (IOST) is now ranked 116th. The price of IOST in 2021 is forecasted using a daily time period, as shown below.
The Falling Wedge pattern is shown in the graph. When the price moves in an overall bullish trend before correcting downward, it forms a falling wedge pattern. This pattern starts out broad at the top then narrows as prices fall. When the stock’s price has been dropping for a while, two converging trend lines form a falling wedge pattern. A reversal pattern occurs when a falling wedge emerges amid a downward change in market momentum.
If the bull trend continues, the IOST may hit $0.0918 on the daily time frame chart. Otherwise, if the IOST price breaks through the $0.0332 resistance level, it will fall to the next support level at $0.0015. As a result, the IOST’s trend is predicated on the breakout.
Support and Resistance Level of IOST (IOST)
The chart below depicts IOSTn’s support and resistance levels (IOST).
Support and Resistance Levels in IOST/USDT (Source: TradingView)
According to the aforementioned chart, the resistance and support levels for IOST are as follows.
$0.039 is the first level of resistance.
$0.059 is the second level of resistance.
$0.081 is the third level of resistance.
Level 1 Support – $0.026
Level 2 Support – $0.014
$0.009 Support Level 3
The graph depicts IOST’s bullish performance over the preceding month. This trend, however, may soon hit a resistance level of $0.081. If the trend were to reverse, IOST might fall below $0.009, indicating a bearish indication.
Average Directional Index (IOST) IOST (IOST) IOST (IOST) IOST (IOST) I (ADX)
Let’s take a look at the Average Directional Index from IOST (ADX). The ADX, in particular, aids traders in assessing the strength of a trend as opposed to its direction. It may also be used to see whether the market is shifting or if a new trend is about to start. However, it is connected to the Directional Movement Index (DMI).
The oscillator also has a range of 0 to 100. Furthermore, a high number indicates a strong trend, while a low value indicates a weak trend. It’s also often used in conjunction with directional indicators.
The ADX of IOST, as seen in the chart above, is in the region of 29.75, indicating a strong trend.
The IOST is a cryptocurrency that is ideal for long-term investment. Furthermore, the IOST price forecast is positive in the near run. By the end of the year, it has a high probability of hitting $0.081. This, however, will only happen if a number of prior psychological obstacles are overcome.
Furthermore, with the advances and updates to the IOST ecosystem, IOST’s performance is expected to increase to $0.081 in the near future. However, if investors think IOST is a solid investment in 2021, it might reach $0.1.
Disclaimer: The views stated in this graph are entirely those of the author. It should not be construed as investment advice. Before investing, TheNewsCrypto staff advises everyone to conduct their own research.
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The IOST price prediction for 2021 is that the coin will hit $0.1 soon. If this happens, then it will be a huge success for the currency. Reference: iost price prediction today.
Frequently Asked Questions
Is IOST crypto a good investment 2021?
IOST is a cryptocurrency that has been around since 2017 and is currently valued at $0.0111 per coin. It has a market cap of $1,846,000,000 and was founded by CEO Jimmy Zhuo in China.