The team at IOST announced on March 2nd that they had entered into a strategic partnership with Amazon Web Services (AWS) to enhance the adoption and advancement of Web 3.0.
The collaboration between AWS and IOST aims to integrate AWS Web 3.0 solutions ‘into its ecosystem and enhance its offerings in DeFi, NFT, GameFi, Web 3, and the metaverse.’
The team at IOST added:
This partnership represents a significant milestone as we collectively work towards realizing the full potential of Web 3.0. With the support of AWS infrastructure and expertise, we are confident in our ability to expand and strengthen the IOST ecosystem.
IOST’s Golden Cross Could Push it Towards $0.016
Concerning price action, the one-day IOST/USDT chart below, courtesy of Tradingview.com, shows that IOST has just experienced a golden cross between the 50-day (white) moving average and the 200-day (green) moving average.
The golden cross, therefore, could provide IOST/USDT with additional momentum to cause a retest of the $0.016 resistance level.
However, the daily MFI (green), MACD and RSI (red) all hint at an ongoing correction that could delay the bullish move to higher levels by IOST. The correction is due to the continuing crypto-wide panic regarding the fate of Silvergate bank.
Therefore, caution is advised when going long on IOST/USDT.
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