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

• 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%

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:

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

Pratik Chadhokar

Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets.