- IOTA coin continues its bullish move which started from JAN 27 2021
- MIOTA price is currently at $0.4588 with an intraday gain of 3.53% and 13.25% gain in the weekly time frame
- The IOTA/BTC pair is currently at the level of 0.0000122BTC with a gain of 2.35% and the resistance at 50 MA.
IOTA daily chart highlights the presence of bulls in today’s trading session. MIOTA price is currently trailing at $0.45763 with a gain of 3.95%. The major resistance of the coin is at $0.498 and support is at $0.388.The IOTA volume has seen a jump of 8.58% and market capitalization went up by 4.74%. IOTA can give a major breakout from the long consolidation phase at any good news in the market.
IOTA (MIOTA) Technical Analysis
The daily technical chart of IOTA highlights “Bulls on Roar”. MIOTA price is trading above 50 and 200 Exponential Moving Average. The 50 EMA blue line is at the level of $0.399, which is temporary support. The coin has given breakout from the descending triangle on the 4hr chart. Again, it can retest the price level on the triangle’s upward line before making any significant move.
MACD(Bullish): It has given a positive crossover signal in the past trading session.MACD signal line is in favour of bulls, but the histogram bars are in favour of bears. The overall sentiment of MACD is inclined towards bulls.
RSI(Bullish): It trades at the level of 59.62, showcasing its presence in the overbought zone. A positive slope is formed in the RSI, highlighting that the price may go further up before retracing to the lower levels.
CONCLUSION
IOTA price has been on a bull run from JAN 27 2021 with a breakout from descending triangle on the 4 hr chart.IOTA/BTC pair is also showing strong bullish momentum and can break the resistance of 50 MA.
Technical Levels
Major Resistance:$0.5023
Major Support:$0.38