Home
News
- IOTA/BTC price bounced back from the support of 0.00002328 to 0.00002453 on Friday’s trading session
- The 24-hour volume in IOTA/BTC is at $25,906,406 with a 9.28% increase.
- The IOTA/USD pair was trading at 1.39 with a gain of 6.22%
The 4-hour technical chart of IOTA/BTC price projects a positive trend. According to pivot points, IOTA’s critical support level is placed at 0.00002328 BTC. Whereas if it moves up, the key resistance level to watch is 0.00002966 BTC. While diving into the weekly chart of a 4-hour time-frame, it completes a bullish engulfing candlestick pattern.
SMA-50 & 100 acts as another strong support in the coin. SMA-50 (purple) moves above the SMA-100 (white), which projects a bullish trend in the asset. The price is below both the SMA’s. Investors may perceive a positive crossover in the chart, the price will also follow the positive trend.
RSI indicator (BEARISH), with a value of 47, indicates a sell signal in the coin for a short while. Moreover, Investors can see a downward slope from 55 to 47 in the index, it may bounce back from the neutral zone in future trading sessions.
IOTA/BTC Price Needs Another Pullback
IOTA/BTC price traded at 0.00002453 with a gain of 4.03% in the last 24-hour. In contrast, the market capitalization of IOTA stands at $3.802 billion. Technically, investors can perceive a positive crossover in SMA. Moreover, the movement of price can be towards the resistance of 0.00002966 BTC.
Resistance: 0.00002966 BTC
Support: 0.00002328 BTC
Mr, Nikhil Ingole is a Chief Editor at The Coin Republic with over five years of technical analysis & trading experience in Forex and Crypto. As a commerce graduate, he has taken a keen interest in blockchain’s future potentials in the financial industry. A keen cryptocurrency enthusiast, he is very supportive of new media projects, pioneer ideas and the Bitcoin community. He possesses strong technical, analytical skills and is well known for his financial market’s informative analysis. Other than crypto, Nikhil Loves to watch his favorite football team and keep up to date with the latest Formula 1 racing.
