- The trading price of the IOTA has advanced by 86% during the previous year.
- The current volatility of the IOTA crypto is 11.34%, which is very high compared to other cryptocurrencies.
IOTA is a distributed ledger technology (DLT) built on the Tangle, a directed acyclic graph (DAG), enabling secure and feeless transactions. With innovative features like automated trust, smart contracts, and Layer 2 chain, IOTA aims to revolutionize decentralized applications and bridge the gap between physical and digital assets for new economic opportunities.
The trading volume of the IOTA crypto has witnessed a massive surge of 181% over the last 24 hours. That has resulted in a traded value of $158.51M, and the volume ranking of the crypto is #97, as per CoinMarketCap.
The current market cap dominance of the token is 0.05%, and the max supply of the crypto is 4.60B IOTA, followed by a total supply of 3.17B IOTA. Also, the fully diluted market cap of the crypto is $1.243B.
The market cap of the IOTA crypto is $1.244B, which has advanced by 10.02% in the last 24 hours. Also, the token’s market cap ranking is #92, as per CoinMarketCap.
The sentiment of the crypto is also bullish, as per CoinCodex, and the fear and greed index indicates extreme greed. The supply inflation of the crypto is also high, resulting in 14.12%. Moreover, the Total Value Locked for the crypto is $492.7K.
IOTA Token Derivatives Analysis
In just the last 24 hours, the derivatives trading volume of the crypto has advanced by 217%, resulting in $281.76M. The open interest has also advanced by 23% in the last 24 hours.
The long/short ratio of the crypto is 0.9677, which has resulted in a long liquidation. Moreover, the short liquidation for the token is worth $97.78K.
Social Dominance Vs Development Activity for the IOTA Crypto
The social dominance of the token does not show any significant change and has been very low for a long time. Despite this, development activity in the crypto community can be seen as significantly advancing.
IOTA Crypto Technical Analysis
The IOTA crypto trading price has exceeded crucial resistance levels and completed the retracement phase. The trading price of the crypto is further advancing to higher levels.
Since the breakout, the price has advanced by 40% and continues to advance to higher levels. The next resistance on the weekly chart is at a level of $0.67, and the trading price of the crypto might hit it in the coming days.
IOTA/USD Chart by TradingView.com
The IOTA crypto price is consistently advancing to higher levels with good volumes, followed by the golden crossover of the 50-day and the 200-day EMAs.
The ADX is trading at the level of 26.3 and has been advancing from the lower levels, which indicates that the bullish trend is gaining strength.
The MACD and the signal line have also advanced above the zero level, followed by a bullish crossover. The histograms on the daily chart are also strongly bullish, indicating positive volume for the crypto.
Summary
IOTA experiences a significant surge in trading volume and market cap, with bullish sentiment prevailing. The crypto’s innovative Tangle technology enables feeless transactions and fosters decentralized applications. With strong technical indicators, including a golden crossover and bullish MACD, IOTA’s price is advancing, potentially reaching new highs.
Technical Levels:
- Support levels: $0.0606 and $0.1403
- Resistance levels: $0.6700 and $0.9040
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.