IOTA (MIOTA) Suffering Heavy Variation In Their Trading  Patterns

  • MIOTA is suffering variation in the price which put a halt on the fall and saved by the support level of $0.15400
  • The MIOTA/BTC pair is also performing negatively with the loss of – 1.35%
  • The resistance level of $0.1600 is still being the major hindrance.

MIOTA is witnessing a flat trade with heavy variations in the prices in today’s trading, as bulls are trying to carry the prices along them to cross the crucial resistance level of $0.1600 which is standing up ahead as a major milestone.

The MIOTA prices are suffering a continuous pump and dup pattern in their trading. Yet support level of $0.15400 is preventing the prices from committing a gradual fall after reaching the lowest limit possible. If prices manage to find  a support level between the 0.15700 and 0.15800 than they can maintain a strong momentum towards the level of $0.1600

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Currently, there is a slight gain of $ 0.26% in the prices, which might good indication. The market capital is at $ 431,652,739 USD with volume traded of $10,695,862 USD and circulating supply is at  2,779,530,283 MIOTA.

IOTA Price Analysis

iota
Source:tradingview

The technical chart indicates that IOTA prices started acquiring a positive momentum as there is an increase in the buying volume yet there is volatility.  Prices are coming strong after suffering a continuous session of the pump and dump in them.

The technical indicators and oscillators are still showing an increase in the selling volume of the cryptocurrency which indicates that prices may fall down again.

MACD levels are about to enter in the bullish momentum after suffering a negative momentum, but bears are also trying to neglect bulls as still, they have the potential to back off bulls.

The 24hr-RSI took a positive divergence from the bearish level and currently climbing above the crucial level of 50.

The 24hr CCI is in the normal region after attempting a climb from the neutral region of normal zone, this means there is an increase in buying trade and prices are not showing any signs of stopping nearby.

Resistance Level: $  0.16000.

Support level: $ 0. 015400.

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Ayush Malviya
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.

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