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- MIOTA Price has given a positive breakout above the supply zone on 4-hour chart with a loss of 3%
- IOTA indicators are on the neutral side with a hint of bearish momentum and ready for the resistance of $1.5
IOTA price is currently at the value of $1.3 with an intraday loss of 3.9%. MIOTA price on going upwards will face major resistance at the value of $1.5, and on the downside, it can see a bounce back from $1.00. IOTA has given a whooping return of 400% in less than 4 months. MIOTA is currently trading above 50 and 200 Moving average. The 50-MA (red line) is at the level of $1.22 making it temporary support for the coin. The IOTA/BTC pair is currently on a wet sand with an intraday loss of 3.00% and currently showing strength at lower levels.
MIOTA is currently ranked at 20th surpassing others in the crypto-verse with a market capitalization of $3,702,185,293.The 24-hour trading volume for the coin went down by 40.39%
Technical Indicators Not Showing Anything Positive For IOTA
IOTA weekly chart shows positive momentum. While coming on to the shorter time frame of 4hrs, it has given breakout above consolidation zone. MIOTA price might see a bounce back from above the supply zone.
The volume indicator on the 4hr chart is at 74K, indicating a sell signal with lower strength. It can see a rise in buying if it goes above $1.5
RSI(Bearish): It is currently trailing at the value of 58.38, showcasing its presence in the overbought zone. There is significant positive slope formed in the RSI, highlighting that IOTA price will see a negative breakout in the upcoming session.
IOTA Can See A Pump In Future
IOTA price has given great returns to its investors in the past couple of months. The IOTA/BTC pair is currently struggling for a positive breakout. MIOTA investors can have good returns in the future but have to wait for a while to see the change.
TECHNICAL LEVELS
Major Support:$1.00
Major Resistance:$1.55
Adarsh Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.
