IOTA Price Prediction: Long-term (MIOTA) Value Forecast – July 28
The bears sustained momentum in the long-term outlook.
$0.02500 in the demand area is on the card.
IOTA/USD Long-term Trend -Bearish
Supply zone: $0.6000, $0.7000, $0.8000
Demand zone: $0.1000 $0.0800, $0.0600
IOTA long-term outlook continues in a down-trending market. With a low of the week at to $0.2768 in the demand area within the 23.6 fib area, the bears are set for a long journey down south in the new trading week.
The week opened on a bearish note at $0.2869 and price already down to $0.2753, the journey down south in the long-term may be confirmed.
Price is below the two EMAs and the stochastic oscillator signal points down at 36%. These suggest a downward momentum in price. Increased bearish momentum may result in new candles opened and closed below the two EMAs.
$0.2510 in the demand area may be retested as the bears' pressure becomes stronger in days ahead.
Live Iota (MIOTA) Price:
1 MIOTA/USD =$2.1495 change ~ -3.35%
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