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

Vasu Singhal
Vasu Singhal is a management student and a stock market trader. He believes that investment avenues and opportunities are very diversified. Therefore, he has an interest in blockchain technology too. He likes to evaluate best investments available in the financial market with showcasing the required skills.
  • 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%

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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:

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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

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