IQ Price Rallies 30% Gaining a Spot among Top Gainers as Bulls Aim at the $0.014 Mark

Highlights:

• IQ price skyrockets 30% to $0.0104, emerging among the top gainers. 
• A crypto trader has highlighted that IQ isn’t just another token—it’s the fuel behind Everipedia.
• With the robust bullish momentum in the IQ market, the token may rally to $0.014 soon.

The IQ price has secured a spot among the top gainers in the crypto market, with its value rising by 30% in the last 24 hours to $0.0104. The growing interest in the token has seen the trading volume spike by more than 1740% to $609 million, while the market is up 0.1% to $3.4 trillion. 

DAILY GAINERS$CGPT +64.2% $COOKIE +50.3% $DORA +48.4%
$AIAGENT +38.9% $AIXBT +36.9% $IQ +34.7% $SAROS +32.2% $UNFI +26.9% $BLOK +17.8% $NAVX +16.5%#dailygainers pic.twitter.com/lpBaEv4804

— PHOENIX – Crypto News & Analytics (@pnxgrp) January 10, 2025

Meanwhile, Kyle Blake is optimistic that the IQ price will reach the moon soon. The trader has highlighted that IQ isn’t just another token—it’s the fuel behind Everipedia, the blockchain-powered encyclopedia that’s teaming up with AI to revolutionize how we share and access knowledge.

$IQ is about to explode—100% gains incoming! 🚀

Here’s why YOU need to pay attention: $IQ isn’t just another token—it’s the fuel behind Everipedia, the blockchain-powered encyclopedia that’s teaming up with AI to revolutionize how we share and access knowledge.

People are… pic.twitter.com/ld2pr2IRO3

— Kyle Blake (@KyleBlake950818) January 10, 2025

With various traders and investors already using IQ to create AI, stake their tokens, and Govern the platform through decentralized voting, this could result in IQ propelling to the moon. 

IQ Statistical Data

Based on CoinmarketCap data:

• IQ price now – $0.0104
• Trading volume (24h) – $609 million
• Market cap – $211.97 million
• Total supply – 20.18 billion
• Circulating supply – 20.18 billion
• IQ ranking – #295

IQ Price Shows Robust Bullish Momentum in the Market

The IQ price demonstrates robust bullish momentum, as it printed a big green candle, whose wick touched a 24-hour high of $0.0110 before a slight pullback to $0.0104. With the bulls eyeing the $0.0125, the outlook for $IQ remains positive. As Bitcoin (BTC) plays a significant role in shaping market sentiment, the IQ price appears well-positioned for further upward movement.

The IQ price has formed a rounding bottom pattern, often suggesting a potential long-term bullish sentiment. Reinforcing the outlook are the key support levels at $0.0082 and $0.0064, which coincide with the 50-day and 200-day SMAs, respectively. Over the last 24 hours, bulls have put their best foot forward, quashing the selling pressure and supporting an impressive rally targetting $0.0125 in the short term.

Based on the technical outlook as depicted by the Relative Strength Index (RSI) which measures the strength of an asset’s trend – either up or down, a correction is imminent. Soon after the RSI enters the overbought region above 70, early profit booking may commence, increasing the chances of a trend reversal.

The Moving Average Convergence Divergence (MACD) indicator reinforces the bullish outlook. While traders sought exposure to IQ as the blue MACD line crossed above the orange signal line, they were likely to close positions if the opposite happened. In other words, traders will be inclined to buy more IQ, as manifested by the blue MACD line.

IQ Price Aims for Further Upward Movement

With the technical indicators flashing bullish in the IQ market, the bulls are showing no signs of stopping soon. Further, if the buyers capitalize on the buy signal from the MACD and support levels stay intact, IQ price could rally. In such a case, the $0.0125 could be a short-term target. In a highly bullish case, the bulls may extrapolate the gains to $0.014.

Conversely, the RSI depicts some overbought conditions that may culminate in a reversal. In such a case, the IQ price may retrace to the $0.0082 support zone to allow the bulls to sweep through enough liquidity before triggering a substantial leg-up.