IOTA (MIOTA) Bulls Conquered The Price Level Of $0.170000 With Current Surge.

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 able to pull off an impressive climb, they put a halt on the fall and manages to acquire the price line of $0.17000
  • The MIOTA/BTC pair is also performing well with the gain of 4.03%
  • The resistance level of $0.17500 is being the major hindrance.

MIOTA is witnessing a sharp positive trade in the prices in today’s trading, as bulls are trying to carry the prices along with them and managed to cross the crucial resistance level of $0.1700 which was standing up ahead as a major milestone.

The MIOTA prices were suffering a continuous pump and dup pattern in their trading. Yet support level of $0.16700 managed to provide a sharp pump to the prices to commit a gradual climb after reaching its zone. As prices acquired current divergence due to this support line only.

iota1
Source:tradingview

Currently, there is a strong gain of $ 4.86% in the IOTA prices, which is a good indication. The market capital is at $ 479,067,449 USD with volume traded of $13,993,879 USD and circulating supply is at  2,779,530,283 MIOTA.

The technical chart indicates that prices are still continuing their positive momentum as there is an increase in the buying volume yet there is volatility in every step of upsurge.  Prices are coming strong after a continuous session of climb even after facing variations.

The technical indicators and oscillators are still showing an increase in the buying volume of the cryptocurrency which indicates that prices can continue there upsurge.

MACD levels maintaining their bullish momentum even after suffering a negative trade but bears are also trying to neglect bulls but they are failing as positive trade is emerging strong.

The 24hr-RSI took a positive divergence from the bearish level and currently climbing above towards the crucial level of 70.

The 24hr CCI is in the over buying region even after developing a tendency to fall down into the normal zone.

Resistance Level: $  0.175000.

Support level: $ 0. 017000.

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