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According to the daily chart, the IOTA price forecast shows that MIOTA may move steadily in the channel.
IOTA Forecast Statistics Data:
- IOTA price now – $0.28
- IOTA market value – 792.9 million dollars
- IOTA distribution supply – 2.7 billion
- Total supply of IOTA – 2.7 billion
- IOTA Coinmarketcap Rank – #55
MIOTA / US dollar market
Key steps:
Resistance levels: $0.35, $0.37, $0.39
Support levels: $0.23, $0.21, $0.19
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MIOTA/USD is hovering above the 9-day and 21-day moving averages at the time of writing. In the last few hours, the price of IOTA starts to go sideways as the coin prepares for the top. However, the relative strength indicator of the technical indicator (14) is seen hovering above the 50-level, which confirms the slight bullish activity in the market.
MIOTA price may move higher as TAMA starts on OKX.
The daily chart shows that the price of IOTA is currently trading above its 21-day moving average, and if the coin continues its bullish movement, the bulls may head towards the upper border of the channel where it may hit the $0.35 resistance level. $0.37 and $0.39
Conversely, if the coin slips below the 9-day and 21-day moving averages, it may bring the coin back to the $0.23, $0.21 and $0.19 support levels respectively. Meanwhile, long-term buyers should not worry about the small impact on the road, because the future of MIOTA is confirmed by the technical indicator Relative Strength Index (14).
On Bitcoin, the price of IOTA is hovering above the 9-day and 21-day moving averages. The relative strength indicator of the technical indicator (14) appears in front of the 70-level, which indicates bullish activity. However, a possible cross above the upper limit of the channel may cause the coin to reach the resistance level of 1700 SAT and above.
Meanwhile, any bearish move to the south could take the coin to the support level of 1300 SAT and below, but a break above could take it to new highs.
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- Get TAMA in battles with Doge’s pets
- Sealed Supply of 2 Billion, Token Burn
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- The upcoming ICO on the OKX exchange
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