Currently, IOTX is supported by a rebound in macro risk appetite, stabilizing in the short term from $0.00438 and rebounding with increased volume—indicating a warming of bullish sentiment. On the daily chart, the $0.00435–$0.00440 zone has seen continual support, forming a short-term bottom. If IOTX can break out above the $0.00500–$0.00510 range with strong volume, a new upward movement may begin; conversely, if $0.00440 fails to hold, short-term downward pressure will increase. Investors are advised to closely monitor the trends of major cryptocurrencies and changes in trading volume, employ a range-bound buy-low-sell-high strategy in the short term, and wait for a clear breakout above $0.00510 to confirm the mid- to long-term trend.

Recently, with Bitcoin breaking above its four-week high and reclaiming a key resistance zone, overall risk appetite for crypto assets has improved. A combination of the Fed’s hawkish stance and easing geopolitical risks has driven a rebound in risk assets. Continued institutional allocation to Bitcoin ETFs and increased holdings of Bitcoin by major enterprises have also fueled expectations of market liquidity. Against this backdrop, IOTX established support around $0.00438 in the short term and saw a pronounced rebound on April 16, with intraday highs reaching $0.00488 and trading volume significantly above its previous average. This indicates revived short-term bullish sentiment and an attempt to test the $0.0050 resistance zone. The price movement reflects both the relay effect of overall market sentiment and investors’ pursuit of opportunities in a highly volatile environment.

Bitcoin has surpassed a four-week high, rising above $74,000. Analysts identify $75,000 as a critical "volatility release point," where derivative market negative gamma effects may amplify price fluctuations. This level coincides with Bitcoin's 100-day moving average, a key resistance in January. Breaking $75,000 could accelerate an uptrend, while a pullback may increase downward pressure. The $80,000–$80,600 range is a positive gamma zone with lower volatility, and the 200-day moving average at $87,519 serves as a long-term reference.

Analysis: Bitcoin breaks four-week high, key price range may intensify market volatility

On the daily chart, IOTX has been repeatedly supported around the $0.00435–$0.00440 region, forming a solid short-term bottom. The price currently stands above the 20-day moving average but has yet to break through the dense resistance zone around $0.0050, indicating the mid-term trend remains in a consolidation and accumulation phase. With trading volume surging to nearly 19 million on April 16, buying forces are gradually building. However, unexpected negative macro events or a Bitcoin pullback to the high-volatility zone near $75,000 could trigger a short-term correction. In this mixed environment, it is advisable to watch the effectiveness of the $0.00440 support and confirmation of a breakout in the $0.00500–$0.00510 area to determine the next main trend direction.

IoTeX

It’s not a given that the European Central Bank’s next move on interest rates will be a hike, according to Governing Council member Martins Kazaks.

Kazaks: Will not oppose bets on two interest rate hikes this year

Waller: Rapid resolution of the Middle East situation may allow for interest rate cuts later this year.

Waller: Overall PCE inflation year-over-year in March may reach 3.5%

The Federal Reserve's Waller expressed caution regarding interest rates, warning of the risks of prolonged warfare.

Fed's Daly: Rates May Remain Unchanged

Daly: The federal funds rate is slightly above the neutral level of 3%.

UBS Expects 50 bps Fed Rate Cuts as Gov Miran Downplays Inflation Risks

Federal Reserve's Daly: On hold regarding interest rates.

Easing tensions in the Middle East combined with rising expectations of interest rate cuts have pushed gold close to $4,900.

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