The crypto market is showing slight signs of recovery after a crash at the beginning of the week. However, the gains made by bitcoin and ethereum in the past 24 hours have not been high. Nevertheless, some altcoins continue to register massive gains. IOST is one of the leading gainers in the past 24 hours.
IOST is trading at $0.0818 at the time of writing after a 43.3%gain in 24 hours.
IOST Price Analysis
IOST has been among the leading gainers in the past 24 hours. The coin has managed to register new monthly highs that saw it test the $0.084 resistance levels. Despite being rejected at this price, the uptrend is still strong, and we could see such new highs forming again.
If the uptrend continues, we could see the coin breaking past the high levels of $0.086. This is a significant high for the coin because it could trigger a buying rally towards $0.1. However, this rally depends on market and buyer support, and currently, the two elements are in play.
IOST’s all-time high lies at $0.12, and if it manages to break to these levels, it will be among the few altcoins that are creating new highs attributed to the ongoing bulls.
On the other hand, we could also see IOST take a dip if the current prices are correct. In this case, the coin will test the lower resistance of $0.078. This support level could create an entry for new traders who want to be part of the bull run.
IOST has been a leading gainer in the crypto space following the recent listing at OKCoin Japan. The coin also continues to register gains following the blockchain’s use in the internet sector. The IOST blockchain has positioned itself as part of the diverse Internet of Things sector, and if more adoption is achieved, more gains for the IOST coin will be achieved.
Where to Buy IOST
If you want to buy IOST during the current market bull run, you can create a cryptocurrency exchange account on the following platform:
eToro is one of the reliable exchange platforms. It comes with support for a wide range of cryptocurrencies and trading pairs. eToro also charges low trading fees and commissions with a vast range of user-friendly features.
The other exchange where you can buy IOST is OKEx. This is one of the largest crypto exchange platforms, as it supports a wide range of cryptocurrencies and exchange pairs. OKEx also offers user-friendly features and low trading fees.
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