$0.06
$0.00 (-3.28%)
End-of-day quote: 2022-10-17
IOTX/USD

Is IoTeX doing well?

No, since April 6, 2022, IoTeX has been continually going down, decreasing -25 percent. The 200-day line is +-30.88 percent away from where the price is now. It's -45.34 percent away from the 100-day line and -49.24 percent from the 50-day line.

EMA 200-day line
EMA 100-day line
EMA 50-day line
SMA 200-day line
SMA 100-day line
SMA 50-day line

The IoTeX Forecast for 2023

Let's look at the one-year forecast since it is the most accurate of the analysts' predictions.

Analysts offered a wide range of forecasts for the IoTeX price over the next year. The most optimistic forecast for the price target was $0.07, implying an 87 percent increase in 12 months, but the worst-case scenario anticipated a fall to as low as $0.05.

The most up-to-date average price target for the year ahead is $0.06.

That would represent a potential gain of 1.41 percent.

IOTX - Relative Strength Forecast

IoTeX broke through the 25 strength line from above on 2022-05-30 and then changed into a weak trend, which thereby generated sell signals that lasted one month. Late Jun 2022 we see how the relative strength falls from above 25 to below 25. Thus, IoTeX has been in a sell signal since 2022-06-25.

IOTX - Trend Prediction

IOTX - Price Volatility Prediction

From 09/25/2021 we see a weak IoTeX below the moving average, which thereby causes falling prices of IoTeX. From mid Jan 2022 we then see a weak IoTeX, which then triggers a sell signal.

IOTX - Relative Strength

From 08/16/2022 to 08/17/2022 IoTeX was so overbought that this led to a reversal trend. Late Oct 2022 we then see IoTeX developing more and more weakness, which is a sell signal.

IOTX - Momentum Forecast

Mid Oct 2022 IoTeX left the oversold zone to the upside, which led to a short-term _-val__ change in trend. In October we then see weak volatility for IoTeX for a longer period of time which led to negative signals for IoTeX.

What Does the Future Hold for IoTeX In 2025-2030?

IoTeX's long-term prospects look promising. The average price target for IoTeX by the end of 2020 was $0.06, according to three analysts. Their five-year forecast projects the price of IoTeX to be $0.06 by 2025. By 2030, the long-term prediction is $0.07.