As of today, MIOTA price has moved up by roughly 8%. And by the looks of its price action, it appears that more price increases may be experienced today in this market.
MIOTA Analysis Data:
IOTAj value now: $0.2523
IOTA market cap: $684.45 million
MIOTA moving supply: 2.78 billion
MIOTA Total Supply: 2.78 million
IOTA Coinmarketcap ranking: #67
Major Price Levels:
Top: $0.2523, $0.2575, $0.2612
Base: $0.2500, $0.2470, $0.2440
MIOTA May Have Found Support at the 51.80 Fib Level
The daily IOTA/USD market shows that the pair’s price may be aiming to move higher from here. We can see that the price candle for this session seems to be sitting comfortably on the Fibonacci level of 51.80. And at that price may progress higher from here. The MACD lines keep moving upward above the equilibrium level. At the same time, the RSI curves are also trending towards the 50 levels of the indicator. At this point, we can see that it appears that price action is still gaining strength, as all trading indicators remain aligned to predict that price may increase further in this market.
MIOTA May Break the 0.2600 Resistance
The IOTA/USD price appears to have started an upside move. Considering the 4-hour market for this crypto, it could be seen that price action is moving more vigorously upwards. This could be seen as the price candle from two sessions ago can be seen bouncing upward, off the upward-sloping trendline. Also, trading indicators could be seen still at their initial stage of confirming an upside move in price. The MACD lines have just completed an upside crossover, and the RSI indicator lines have also completed an upside crossover. Therefore, traders can predict that the MIOTA price may break the $0.2600 resistance level.
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