MIOTA Price Analysis: IOTA Crypto Price Consolidates In Between The Moving Average

  • MIOTA coin price is currently observing a consolidated momentum in the daily chart but can soon revert to the upside momentum. It is currently trading with a loss of more than 1.3% in the intraday session.
  • IOTA price technical indicators suggest a consolidation in price. In contrast, IOTA/BTC pair has seen a loss of more than 2.41% in the intraday session.

IOTA crypto price is currently observing a weak momentum but can soon revert to the uptrend in the future. MIOTA’s price is currently near the value of $1.9 with a gain of more than 9%. The asset price has an ROI of more than 175732.03% which has remained profitable for the investors for a very long time. MIOTA might face hostility while going upwards near the value of $2.5

Meanwhile, one can observe the bounceback region near $0.75. IOTA/BTC pair has also been seeing a weak downside momentum but can soon revert to the uptrend. One can invest in MIOTA as per their needs and risk adversity.

MIOTA’s price has to cover more than 50% of its current value to break its all-time high. The price of IOTA is currently trading in between the 50 and 100 Daily Moving Average and can soon observe a negative crossover in the future. The 100 MA line is near $1.18  making it a temporary support zone for the price.  If the coin price goes 15 to 20% below the current level then a strong bearish trend in the price can be seen. One can invest in the iota as per their needs and risk adversity.

MIOTA coin market dominance along with the market cap is seeing a decline and can soon test the lower levels. The volume to market capitalization ratio of the IOTA hints towards a bearish trend in the price for the future.

IOTA Crypto Price Bears Might Push It To Lower Levels

Source: Trading view

The weekly technical chart of the IOTA price suggests a weak momentum in price which can push the price to lower levels. On the daily chart, the coin price is seeing a weak trend. It tells that the asset price may see consolidation before making a new high. One can forecast a strong rally in MIOTA in future


Conclusion

IOTA coin price is currently seeing a weak upside momentum but can soon attain a new high. IOTA/BTC pair can also observe the same bullish trend in price in future

TECHNICAL LEVELS

Major Support:$0.5

Major Resistance:$1.5

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