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- MIOTA suffered a sudden price fall, saved by the support level of $0.1440
- The MIOTA/BTC pair is also performing positively with the profit of – 1.81%
- The resistance level of $0.1600 is not allowing a gradual rise in prices.
MIOTA is witnessed a sudden price fall in today’s trading, as bulls run of steams after carrying prices along with them it was the crucial support level of 0.1440 which prevents prices from falling further and also provided them a positive divergence.
The MIOTA prices are suffering heavy resistance from the level of $0.1600, which is preventing the prices from maintaining a gradual climb. If prices manage to find a support level between the 0.1500 and 0.1550 than all the positive opportunities will arise to cross the current resistance level.
Currently, there is a gain of $ 2.02% in the prices, which is a good indication. The market capital is at $ 406,518,421 USD with volume traded of$4.228.889 USD and the circulating supply is at 2,779,530,283 MIOTA.
IOTA Price Analysis
The technical chart indicates that prices started acquiring bearish momentum as there is an increase in the selling volume. Prices are falling down whenever they try to rise as they are coming short against the current resistance level and market factors are against them too.
The technical indicators and oscillators are showing an increase in the selling volume of the cryptocurrency.
MACD levels are about to enter in the bearish zone after enjoying heavy bullish momentum, as bears are pushing bulls out of the trade.
The 24hr-RSI took a negative divergence from the strong bullish level and currently falling towards the crucial level of 50.
The 24hr CCI is in the normal region after suffering fall from the over buying region, this means there is a heavy increase in selling volume and prices are not showing any signs of stopping nearby.
Resistance Level: $ 0.1600.
Support level: $ 0. 01440.
