IOTA Price Prediction Today: Daily (MIOTA) Value Forecast – July 26


  • The short and medium-term outlook is in a downtrend.
  • Traders may consider selling at key areas with bearish reversal candlestick pattern.

MIOTA/USD Medium-term Trend: Bearish

Supply zone: $0.6000, $0.7000, $0.8000
Demand zone: $0.1000 $0.0800, $0.0600

IOTA is in a bearish trend in the medium-term outlook. The rejection and exhaustion at $0.3235 in the supply area as the market opened yesterday signaled trend reversal. The bears takeover and pushed the con to $0.2989 in the demand area as yesterday low.

The 4-hour opening candle of today session opened on a bearish note at $0.2998 with a further drop to $0.2956 in the demand area before a brief loss in momentum.

The brief rally was terminated at $0.3079 in the supply area with the resistance at the 50-EMA.

The stochastic oscillator signal points down at 39% with price hovering between the two EMAs. This suggests a downward momentum as money and traders are reflected by the oscillator. $0.2800 in the demand area is the bears' target in the medium-term.

MIOTA/USD Short-term Trend- Bearish

The bears are in control of the market after the bullish exhaustion at the 50.0 fibs, a trend reversal zone which is at $0.3079 in the supply area. The cryptocurrency is down at $0.2986 within the 23.6 fib area as bears target the previous low at $0.2961 for a retest.

Price is below the two EMA and the signal of the stochastic oscillator pots down at 44%. These imply downward momentum in price in the short-term with a breakout imminent the previous low of the day.

Live Iota (MIOTA) Price:

1 MIOTA/USD =$1.4268 change ~ 18.32%

Coin Market Cap

$3.97 Billion

24 Hour Volume

$314.62 Million

24 Hour VWAP

$1

24 Hour Change

$0.26

 

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

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