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ThecoinrepublicUncategorizedIOTA (MIOTA) Price Analysis: MIOTA Facing Key...
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IOTA (MIOTA) Price Analysis: MIOTA Facing Key Hurdle Of $0.14.

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  • MIOTA is trying its level best to recover the price fall, but facing a heavy resistance level.
  • The MIOTA/BTC pair is performing positively with a profit of 0.45%

IOTA1

The 7day-weekly chart indicates that even after witnessing a heavy price fall, bulls are trying their level best to make a breakout. There is a crucial resistance of $0.14 which is not allowing bulls to trade near it and keep on pushing the prices downward.

The MIOTA prices have the strong support of $0.9, which is holding the prices effectively and supporting them to increase gradually. If prices will be able to pass the resistance level of  $0.14 the can attain the break they are seeking.

Currently, there is a gain of $1.71% in the prices, which is a positive sign. The market capital is at $ 328,517,215 USD with volume traded of$13,824,879 USD and circulating supply is at  2,779,530,283 MIOTA.

IOTA (MIOTA) Technical Analysis:

IOTA2
Source:tradingview

The technical chart indicates that prices are facing heavy bearish dominance due to the overall down-trending nature of the market. Prices are falling down whenever they try to rise against bearish momentum.

MACD levels are again overtaken by the bulls, this is a very positive sign as the recovery phase can be acquired by prices shortly. MACD is in a positive phase, which reflects there is an increase in the buying volume of cryptocurrency.

The 24hr-RSI is fluctuating between bulls and bears at a normal level of 50 and currently took a positive divergence towards the bullish zone.

The 24hr CCI is in the normal region after overcoming the overselling region.

Resistance Level: $  0.125
Support level: $ 0.115

Disclaimer

The contents of this page are intended for general informational purposes and do not constitute financial, investment, or any other form of advice. Investing in or trading crypto assets carries the risk of financial loss. The forecasted data (also called “price prediction”) on this page are subject to change without notice and are not guaranteed to be accurate.

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Adarsh Singh
Adarsh Singh
Adarsh ​​Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.
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