- IOTA coin at the monthly chart is trading sideways, after a sharp up move and now trying to sustain above its all DMA lines.
- The crypto asset was trying to sustain above its vital moving averages and placed above its major all robust moving averages of 20, 50, 100, and 200-day lines.
- The pair of IOTA/BTC is trading at 0.00002267 BTC with an intraday loss of -3.32%, and the ratio of IOTA/ETH is CMP at 0.0003241 ETH with a 24-hour change of -3.31%
IOTA coin at the monthly chart is trying to move higher and seems ready for the next lap of a bullish move. The crypto asset is currently trying to sustain above its vital moving averages of 20, 50, 100, and 200-day lines. Volume activity at the monthly chart is slightly average and needs to grow sharply in upcoming trading sessions. We can expect levels of $2 in forthcoming trading sessions if the coin manages to sustain above its all Vital DMA lines.
Bulls will get more confidence if the crypto asset starts to sustain above its short to long-term moving averages with supportive volume . Support on the lower side is $1.12 and $1.00, whereas resistance on the higher side is $1.82 and $2.12.
IOTA coin at the weekly chart is sideways, and volume activity is slightly increasing
IOTA coin at the weekly chart is sideways, and volume activity is slightly increasing. The technical parameters are also rangebound trade and show a strong recovery from lower levels. Volume activity at the 4-hour time frame is higher and needs to maintain above its average volume line. IOTA’s price is trading at $1.41 with change of +0.87%, and the volume to market cap ratio is 0.04942.
Relative Strength Index (NEUTRAL): IOTA coin RSI is heading sideways after selloff from the overbought zone at the weekly chart. The coin trades flat in the neutral zone, with a strong recovery from lower levels, RSI at 55.
Moving Average Convergence Divergence (CAUTION): The daily chart projects a caution at the 4-hour time frame. The buyer’s signal line (green) is heading towards the seller’s line (red) for a negative crossover.
Support levels: $1.12 and $1.00
Resistance levels: $1.82 and $2.12.