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- IOTA Price is currently travelling in a parabolic curve on 4-hour chart with a gain of 2.11%
- IOTA indicators are suggesting a negative for the coin.Meanwhile the IOTA/BTC indicator is at the level of 0.00002504 BTC
IOTA price is currently at the value of $1.36 with an intraday gain of 2.11%. MIOTA price mightface 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. IOTA made a 52 week high on Feb 19,2021.After making 52 week high the price went by 20% before regaining the positive levels.
MIOTA is currently trading above 50 and 200 Moving average. The 50-MA (red line) is at the level of $0.946 making it temporary support for the coin. The IOTA/BTC pair is currently seeing a positive pump with an intraday gain of 1.20% and currently showing strength for positive levels.
MIOTA is currently ranked at 27th surpassing others in the crypto-verse with a market capitalization of $3,770,723,321.The 24-hour trading volume for the coin went up by 39.8%
TECHNICAL INDICATORS NOT IN FAVOR OF POSITIVE RALLY
IOTA weekly chart shows consolidated move.The daily chart forecast a possibility for a positive crossover between the moving average. While coming on to the shorter time frame of 4hrs,it is inside a parabolic curve. If the price breaks 10% above or below the curve then major movement can be seen on IOTA price.
The volume indicator on the 4hr chart is at 571K, indicating a buying 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 55.08, showcasing its presence in the overbought zone. There is significant negative slope formed in the RSI, highlighting that IOTA price will see a negative breakout in the upcoming session.
IOTA Price Ready For A Big Move
IOTA price has given great returns to its investors in the past couple of months. The IOTA/BTC pair is currently seeking a momentum for a positive breakout. MIOTA can be profitable for the investors in the upcoming session.
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.
