- IOTA Price over the monthly chart is trading near its vital moving average of 100 and 200-days, while volume activity is recoded below its average volume line.
- The digital asset is trading under some pressure after facing a decline from the higher side.
- The pair of IOTA/BTC is trading under pressure at 0.00002002 BTC with an intraday gain of -0.01%, and the ratio of IOTA/ETH is CMP at 0.0003276 ETH with a 24-hour change of +0.46%.
IOTA price at the current situation is trading under slight pressure while failing to suppress its short-term moving averages. Meanwhile, the crypto asset is trading sideways with no strong bounce back, and Bears seems to overpower the Bulls. Volume activity is below the average line in the current situation and needs to improve enormously in upcoming sessions. The overall chart setup is still not giving confidence to the Bulls, as the Bears seem overpowering in the current situation.
Meanwhile, the closing of day candles above its vital DMA lines with supportive volume activity will boost more buyers interest. Support on the lower side is $1.12 and $1.00, whereas resistance on the higher side is $1.63 and $1.82.
IOTA price at the weekly chart is trading sideways with slight bearish momentum
IOTA price at the weekly chart is trading sideways with slight bearish momentum. In contrast, volume over the chart increases and jumps above its average volume line. The technical parameter is heading towards the neutral zone, with a slight increment from lower levels. IOTA price is trading at $1.24 with an intraday gain of +2.10%, and the volume to market cap ratio is at 0.01232.
Relative Strength Index (NEUTRAL): IOTA price RSI is trading flat after gradually recovering from lower levels. In contrast, the coin is trading sideways and heading towards the neutral zone and RSI at 42.
Moving Average Convergence Divergence (MIXED): The daily chart projecting a minced trend at the 4-hour time frame. At the same time, the seller’s line (red) and the buyer’s signal line (green) overlap each other.
Support levels: $1.12 and $1.00
Resistance levels: $1.63 and $1.82.