BTC$61 042.69


ETH$4 117.18


Binance Coin








IOST: Consolidation Before Another Big Move

It seems that there is something bullish brewing in the IOST market, especially in the pair with USDT, as the price has finally made it above the 200 EMA on the daily time frame. And while IOST isn’t the most appealing cryptocurrency from the fundamental standpoint - the objective of creating the Internet of Service Tokens for corporations sounds good on paper, but looks unfeasible with project market capitalization of just $84 million - the price action, especially the one from the past month, began to draw the attention of traders towards the currency that is based on the consensus algorithm labeled as Proof-of-Believability.

IOST might be preparing to take off

Similarly to the overwhelming majority of altcoins, the year 2019 wasn’t particularly fruitful for IOST as it had lost 50% of its value since last June, although back then, the market was soaring as the bull rally was gaining a lot of momentum.

The current situation in the IOST market, and the cryptocurrency market in general, is quite different now, as all participants are still shaking off the stress of the so-called coronavirus crash.

It took IOST quite a long time, 75 days to be precise, to recover from the 50% instant dump that happened in March. The price took its time to consolidate in the $0.0028 - $0.004 channel before the bulls have finally decided to step up a notch.

1-day IOST/USDT chart

Please note that unlike what we saw in many other markets, here the 50 EMA and 200 EMA haven’t actually formed either a death or a golden cross yet, which had tricked so many traders at the peak of the last bull rally. But as of now, the moving averages show the proclivity towards making a golden cross on the daily time frame, the scarcity of which would only add weight to that pattern, but the confirmation in the form of the crossover on MACD or Stochastic would be required.

Speaking of indicators, at this particular juncture, they point at the possibility of IOST taking some time to consolidate above the trend-setting 200 EMA after more than 30 days of continuous gains, which has put the coin 68% up in the green.

It is crucial for the price to establish a foothold above the 200 EMA in order to remain within the bullish context. The indicators appear to be favoring the bullish narrative as the 14-day RSI remains at 70, thus right at the borderline of the overbought territory, even though the price has had a significant upside impulse.

MACD seems to be providing accurate signals in this market as it allowed traders to catch the last bull run precisely at its inception. Right now, MACD appears to have cut back on its pace and settled below 0.0005 for a while, although still remaining far in the bullish area, thus signifying the potential for further price appreciation. The only indicator that has already entered the overbought zone is the 14-period Stochastic, which was working well when determining the peaks and troughs in that market, and now it is also hinting at the probability of short-term consolidation before another upswing.

IOST needs that consolidation in order to retest the macro resistance it has already broken and then go up to $0.007, or 0.786 on Fibonacci, with the ultimate price target being set at $0.009.

Author: Alex Paulson for


IOST Hints at Another Downswing
IOST Hints at Another Downswing
IOST Can’t Leave the Consolidation Range
IOST Can’t Leave the Consolidation Range
IOST Goes Down After the Death Cross
IOST Goes Down After the Death Cross

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 64% 72 $61 042.69 0.62% 0.36% $1 150 794 336 311 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 71.6% 55 $4 117.18 3.66% 7.58% $486 030 676 596 ETH 7 days price change
3 Binance Coin (BNB) BNB Binance Coin predictions 73.2% 57 $483.09 1.03% 3.50% $80 579 954 221 BNB 7 days price change
4 Cardano (ADA) ADA Cardano predictions 91.2% 14 $2.16 0.08% -1.18% $71 002 197 011 ADA 7 days price change
5 Tether (USDT) USDT Tether predictions 95.2% 1 $1.000381 0.04% 0.03% $69 600 606 049 USDT 7 days price change
6 Solana (SOL) SOL Solana predictions 70.4% 52 $196.57 -0.49% 24.39% $59 131 401 979 SOL 7 days price change
7 XRP (XRP) XRP XRP predictions 76% 49 $1.088980 0% -4.47% $51 123 615 596 XRP 7 days price change
8 Polkadot (DOT) DOT Polkadot predictions 60.4% 77 $43.78 0.35% 4.61% $43 239 027 943 DOT 7 days price change
9 Dogecoin (DOGE) DOGE Dogecoin predictions 72% 56 $0.248946 1.22% 4.69% $32 814 608 422 DOGE 7 days price change
10 USD Coin (USDC) USDC USD Coin predictions 92.4% 1 $1.000560 0.03% 0.06% $32 561 971 437 USDC 7 days price change
11 Terra (LUNA) LUNA Terra predictions 70.4% 62 $42.85 -2.61% 17.12% $17 200 813 172 LUNA 7 days price change
12 UniSwap (UNI) UNI UniSwap predictions 77.2% 42 $26.67 4.27% -0.87% $16 312 283 765 UNI 7 days price change
13 Avalanche (AVAX) AVAX Avalanche predictions 68% 61 $65.25 0.30% 13.12% $14 373 086 792 AVAX 7 days price change
14 Chainlink (LINK) LINK Chainlink predictions 77.6% 48 $30.88 7.84% 13.15% $14 233 972 483 LINK 7 days price change
15 Wrapped Bitcoin (WBTC) WBTC Wrapped Bitcoin predictions 64.8% 71 $61 137.09 0.71% 0.47% $13 559 759 340 WBTC 7 days price change

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.

© 2015-2021

The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.