IOTA(MIOTA) Suffering Gradual Fall And It Also Loses The Level Of $0.15600

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 suffering a gradual price fall, and it also blew away the support level of $0.15600
  • The MIOTA/BTC pair is also performing negatively with the loss of – 3.66%.
  • The resistance level of $0.1680 is the reason for this condition of prices.

MIOTA is witnessed a gradual price fall in today’s trading, as bulls run of steams after carrying prices along with them it is the crucial resistance level of 0.1560 which is preventing prices from climbing further and also pressurized them to acquire a negative divergence.

The MIOTA prices are suffering heavy resistance, yet the support level of $0.1500 is preventing the prices from gradually falling further. As prices are failing to find a support level between the 0.1560 and 0.1500. Cause of this they are losing all the positive opportunities will to beat the current resistance level.

The market capital is at $ 422,381,098 USD with volume traded of $23,881,012 USD and circulating supply is at  2,779,530,283 MIOTA.

iota
Source:tradingview

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 buying volume of the cryptocurrency which is the only good sign present out there currently.

MACD levels are about to enter in the bullish zone after suffering a flat momentum, but bears are also trying to push 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: $  0.15600.

Support level: $ 0. 015000.

 

We Recomaned

Top Rated Trading Platforms

Top Rated Cryptocurrency Exchange

Partners