IOTA Price Prediction: Long-term (MIOTA) Value Forecast – June 22
- The long-term outlook is in a range-bound market.
- Patience should be exercised at this period.
IOTA/USD Long-term Trend -Ranging
Supply zone: $0.6000, $0.7000, $0.8000
Demand zone: $0.1000 $0.0800, $0.0600
IOTA long-term outlook is in a range-bound market. The bulls failed to push beyond the 38.2 fibs with intermittent loss in the momentum with the coin going into consolidation. Each bullish move was shortlived with bears takeover and vice-versa.
$0.4754 was the high attained so far today and obviously since the week began while $0.3973 is the low attained on 20th June with the 50-EMA proving strong support for the bulls.
The stochastic oscillator signal at 47% is a clear undefined reflection of the ranging scenario in the long-term.
$0.5000 is the upper supply area of the range while $0.3500 is the lower demand area of the range. Traders should be patient and wait for price breakout or breakdown with a retest before taking a position.
Live Iota (MIOTA) Price:
1 MIOTA/USD =$1.3095 change ~ -1.77%
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