- The IOTA coin price is in a downtrend, around 2.8%, during the intraday trading session.
- The 24-hour trading volume is at $100 million.
- IOTA/BTC pair is trading negative by -4.5% at 0.00003008 BTC.
Daily technical chart and price trend of IOTA coin are showing a bearish trend. Based on the pivot level, the first support zone is 1.10 USDT. From another perspective, if it rushes, the resistance level to watch is 1.75 USDT. Thus, the graph made a bearish harami candle pattern yesterday, and the cost is relied upon to remain downside with unwavering medium force.
The Moving Average Exponential (EMA) Ribbon, comprising of different Ema’s, goes about as solid support in the coin price move. Investors might notice the cost is fighting the green ribbon, so it will guarantee an upswing in IOTA coin until it’s above the ribbon.
Trading volume (8.358 M) is underneath the 20-day moving average (40.013 M). To put it plainly, the volume is low, making the cost struggle at the support levels. Investors can likewise check that the volume bars on the graph are slanting, which demonstrates that exceptional instability is normal in the following trading days.
The RSI indicator gave a signal (bearish) with 45, projecting a sell signal in the coin. Investors can observe a declined slope from 50 to 45. It can fell in future trading sessions.
IOTA Coin Price Movement Suffers Under Bears Hunt
IOTA is priced at $1.36 today and has a 24-hour trading volume of $100,462,975. MIOTA prices have fallen -2.8% in the last 24 hours. The circulation of MIOTA coins is 2.8 billion and the total inventory is 2.78 billion. The RSI points to a selling indication, and the traders have prompted low volume. In fact, the cost struggles at the support level. In like manner, with the general market perspective, the pattern stays bearish for coming trading days.
Resistance Level: $1.75
Support Level: $1.10