IOTA Price Prediction Today: Daily (MIOTA) Value Forecast – June 21
- The short-term is in the uptrend while the medium-term outlook is in a range-bound market.
- Responsible buying recommended.
MIOTA/USD Medium-term Trend: Ranging
Supply zone: $0.6000, $0.7000, $0.8000
Demand zone: $0.1000 $0.0800, $0.0600
IOTA continues in a range-bound market in the medium-term outlook. The bears lost momentum after a nice ride down south that began on 16th June. IOTA dropped from $0.4690 at the supply area to $0.3982 at the lower price range before the end of yesterday session.
The wick suggests bearish exhaustion as the bulls stage a comeback and push the coin to $0.4396 above the two EMAs.
The stochastic oscillator signal points up at 70% an indication of upward momentum within the range in the medium term.
The cryptocurrency is in consolidation and trading between $0.4600 in the upper supply area and at $0.4000 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower area may occur hence patience is required to allow this to happen before a position is taken.
MIOTA/USD Short-term Trend- Bullish
The long-tailed candle formed during yesterday session at $0.3982 in the demand area suggests bearish exhaustion and bullish takeover before the end of the session. The bulls maintained the firm hold on the market as the market opened today at $0.4151.
IOTAUSD shoot up to $0.4389 in the supply area before a brief retracement. $0.4195 in the demand area around the 50.0 fibs was strong support as the bears failed to push price further down. Moreover, the fib is a trend reversal zone hence a reversal to the upside is imminent.
Live Iota (MIOTA) Price:
1 MIOTA/USD =$2.2554 change ~ 4.08%
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