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0.00109 USD for IOST, do you still dare to hold it? First, look at the surface: burn news is positive, pulse surge, then crash. On September 8, the foundation burned 70 million tokens. Once the news broke, IOST violently surged from around 0.0005, then on September 9-10 it directly shot up to 0.0024, nearly a 4x increase. Then what? It gave back 50% in one day, now at 0.00109. 24-hour trading volume exploded to hundreds of millions of dollars, futures once exceeded 2 billion, funding rates were extremely negative, shorts were squeezed out and then quickly reversed. First thing: burning 70 million sounds fierce, but you might be fooled by the number. 70 million tokens, at the current price, is just over 70,000 USD. IOST circulating supply is 35.39 billion, total supply 48.8 billion, cap 90 billion. Burn accounts for 0.2%, not even a splash. The official line is long-term token management, but frankly — symbolic significance outweighs actual deflation. Old coins hoping to turn around with one burn? Don’t be naive. This rally, the burn was just the match to ignite the fire; the real pump came from contract funds and short squeezes. Second thing: IOST is an old coin from 2018, still alive but long lost its hype. Proof of Believability consensus, high TPS service-oriented public chain, rooted in the Japanese market, trying RWA and enterprise directions. The team has recent updates: IOST Agent, Ivem SDK, security audits, browser optimization, and attended Japan WebX. But then? On-chain ecosystem, developer activity, narrative heat are far behind mainstream L1/L2. Market cap only 37 million USD, ranking nearly out of top 200. Third thing: technicals have already signaled, but you might still be fantasizing. From the August low of 0.00053 rebounded to the pulse high of 0.0024, then retraced 55% to 0.00109. Daily chart still in mid-term rebound structure, but short-term shifted from extreme overbought to correction. Volume: after pulse day’s huge volume, it fell back. If volume shrinks and consolidates, it can still digest; if volume expands and breaks below 0.00100, next stop is 0.00090. Support: 0.00100-0.00102 (psychological level + recent low) → 0.00090-0.00095 → 0.00053 (August low) Resistance: 0.00120-0.00125 → 0.00150 → 0.00180-0.00200 (previous high dense zone) Bull vs. bear, you decide On one side: Burn news positive + negative funding rate + oversold rebound demand Team continues low-intensity development, rooted in Japanese market 7-day/30-day gains still large, mid-term structure not fully broken On the other side: Burn only 0.2%, limited real impact Old coin ecosystem weak, no narrative heat Profit-taking after pulse + heavy leverage liquidation pressure US CPI tomorrow, risk appetite may tighten Heavy trapped positions at previous high 0.0024 Trading strategy Short-term: If a long lower shadow and volume contraction stabilization appear at 0.00105-0.00110, try going long with stop loss at 0.00098, target 0.00120-0.00130. If it breaks 0.001 with volume, don’t catch the falling knife, wait for 0.0009 to reassess. Mid-term: Unless there is sustained on-chain data improvement or bigger ecosystem landing, this wave is a one-time liquidity event. Wait for a large pullback to 0.0008-0.0009 with macro support, then observe in batches, strictly control position under 1%. This IOST wave is a typical old coin script — News ignition → contract pump → short squeeze → retail chasing highs → profit dump → total mess. 99% of people rushed in at the burn news, ended up trapped at the 0.0024 peak. The day 0.00100 breaks, you will realize: Old coin pumps are never to help you break even, but to make you believe there is hope, then bury you deeper. At 0.00109, do you still dare to hold? $BTC $ETH $IOST