IOTA Price Prediction: Long-term (MIOTA) Value Forecast – June 15
- The long-term outlook is in the uptrend.
- Traders may consider buying at minor bearish pullback areas.
IOT/USD Long-term Trend -Bullish
Supply zone: $0.6000, $0.7000, $0.8000
Demand zone: $0.1000 $0.0800, $0.0600
IOTA long-term outlook is in a bullish trend. The bears lost momentum at $0.3913 in the demand area on 9th June as wicks were formed at the area. This was near the 50-EMA and the 61.8 fib area. The bulls gradual takeover was signaled by the bullish tweezer bottom formed on 10th June.
MIOTAUSD rose to $0.4651 as the high of the week at the 38.2 fibs area a trend continuation zone.
Price is above the two EMAs and the stochastic oscillator signal points up at 34%. These suggest an upward momentum in price of the cryptocurrency in the new week.
The break into the 23.6 fibs is probable and price may shoot up to $0.5000 in the supply area. With increased bullish momentum and more candle open and closed above the two EMAs, a retest at $0.5473 of the high on 30th May could occur.
Live Iota (MIOTA) Price:
1 MIOTA/USD =$1.2005 change ~ 5.64%
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