IOTA (MIOTA) Is Climbing Very Slowly, As Bulls Are Struggling

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Ayush Malviyahttps://www.thecoinrepublic.com/
Ayush Malviya has recently joined as a technical market reporter for Thecoinrepublic- the Leading cryptocurrency news site. He believes that there is a broad scope in Crypto market and blockchain. Thats why he loves to gather knowledge about it and like to analyse the market pattern.
  • MIOTA is trying its level best to put up a strong climb against the market odds but facing a heavy resistance level.
  • The MIOTA/BTC pair is also performing positively with the profit of – 1.63% which is a positive sign.

MIOTA is witnessing a heavy resistance, as bulls are trying really hard to carry prices along with them . There is a crucial resistance of $0.150 not allowing bulls to trade near it and keep on pushing the prices downward, this resistance is so strong that prices are suffering to find a strong breakout.

The MIOTA prices strong support of $0.130, which is holding the prices effectively and supporting them to increase gradually but due to the heavy resistance in the price level, MIOTA is unable to harvest best out of this support level.

Currently, there is a slight profit of $ 0.04% in the prices, which is not a very outstanding positive sign. The market capital is at $ $403,710,332 USD with volume traded of$17,491,519 USD and circulating supply is at  2,779,530,283 MIOTA.

IOTA Price Analysis 

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IOTA1
Source:tradingview

The technical chart indicates that prices started acquiring bearish momentum due to the global market factors. Prices are  facing bearish presence whenever they try to rise as current prices are suffering volatility near the level of $0.1400

MACD levels are again overtaken by the bulls as there is an increase in the buying volume of a cryptocurrency. This bullish momentum is not so strong as it will soon collide with selling volume.

The 24hr-RSI took a negative divergence from  the strong bullish level and currently trading near the zone of 50

The 24hr CCI is trading at the top of the normal region with heavy fluctuations in it.

Resistance Level: $  0.150
Support level: $ 0. 0130

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