- MIOTA price performed with negative momentum on Tuesday’s trading session
- IOTA price is $0.98, which is negative by 24% in the last 24-hour time-frame and 26% down from the previous week
- IOTA/BTC pair is downtrend with 11.35% in Tuesday’s trading session (0.00002146)
IOTA had bearish momentum on the weekly chart, and it went up to $1.58 on February 19, 2021, while breaking above the resistance zones created in the past. IOTA price set a mark of a 52-week high. Meanwhile, the trading volume of $383,887,362 in the last 24-hour time-frame represents an increase in the value of 138.92%. The IOTA/ETH pair is in a downtrend with a value of (0.00068566) which is down by 6.92% in Tuesday’s trading session.
IOTA Technical Chart Indicates a Bearish Momentum
The technical chart of IOTA highlights a negative trend. In contrast, the IOTA price is $0.90. According to pivot points, the critical support level for IOTA is placed at $0.85. Whereas if it moves up, the key resistance level to watch is $1.46. While diving into the weekly chart of a 4-hour time-frame, it completes an inverted hammer candlestick pattern.
Volume indicator with the value (9.226M) reflects a selling volume in coin. Investors can further expect an increase in selling volume in the upcoming trading sessions.
SMA-200, price is at $0.79, which acts as another strong support in the coin. The price is above the SMA, and investors can expect a bullish trend in the coin.
MACD indicator (BEARISH), bearish crossover over signal line spotted on February 23, 2021, indicated a sell signal in the coin during the trading session. Also, it denotes massive red bars on Histogram.
RSI indicator (OVERSOLD) with a value of 27.32 indicates a sell signal in the coin. One can observe an increase in value in upcoming trading sessions.
Conclusion
The IOTA price is performing negative by 24% on Tuesday’s trading session. The price is above the SMA of $0.79. Investors can expect the movement of price towards the support levels of $1.32. All technical indicators recommend a red signal in the coin.
Resistance: $1.46
Support: $0.85
