- IOTA Token price action forms a triangle pattern in the daily chart.
- The support from the 200-day EMA has pushed the price back within the pattern.
- The pair IOTA/ETH is trading at 0.0003803 ETH with an intraday gain of +1.25%.
IOTA Coin price action forms a bullish engulfing candlestick in the daily Technical Chart. It indicates that bullish sentiments are rising, resulting in the prices reverting in the triangle pattern.
The rising buying pressure is evident in the intraday volume growth that exceeds the 20-day volume MA. In addition, bullish alignments see daily EMAs rising higher, which indicates a bull run.
IOTA Token prices trade at $1.30. It represents a +1.92% increase in 24 hours, suggesting that the price is in a bull market. However, the coin’s intraday trading volume increased by 15%
IOTA Token’s Price In 4-Hour Chart
IOTA token prices increase in a bullish direction as the price consolidates after rising higher in the 4-hour chart. As a result, investors may view the price-action decline to trendline as an opportunity for entry with minimal risk.
According to price movement, the demand levels at $1 and $0.60 are, respectively. Therefore, if bulls keep the bullish trend at either support level, they could face resistance from $1.5 to $1.8.
The EMAs on the 4-hour technical chart has greater power and a golden cross due to the price increase with a positive slope. It can therefore keep prices steady during a bullish movement. Also, the inclined volume on the chart indicates a strong bullish run.
Parabolic SARs indicate that bulls have overtaken trend control.
The RSI indicator indicates a substantial rise in bullish inclination.
The ADX Index can indicate a rise in trend momentum.
Conclusion: IOTA token’s prices rose because of bullish exponentially rising averages. Investors may be able to enter at prices that are close to the drops of the 20-period EMA. The coin’s price could soon exceed $1.8 if it remains above $1.5.
Support – $1.00 and $0.80
Resistance – $1.5 and $1.8