IOTA Price Prediction Today: Daily (MIOTA) Value Forecast – June 28
- The short and medium-term outlook is in the uptrend.
- Traders may consider buying at pullback with bullish reversal candlesticks as confirmation.
MIOTA/USD Medium-term Trend: Bullish
Supply zone: $0.6000, $0.7000, $0.8000
Demand zone: $0.1000 $0.0800, $0.0600
IOTA is in a bullish trend in the medium-term outlook. After a remarkable dominance that push IOTAUSD to $0.5138 in the supply area, the bulls lost momentum on 26th June. The bears returned initial broke the 10-EMA as price drops to $0.4508. Increased pressure by the bears pushed price initially to $0.43943 and further down to $0.3637 before the close of yesterday session.
The closed of the candles with wicks in the area denotes bearish exhaustion and rejection of downward price movement, hence the formation of a bullish spinning top which signaled the bulls returned.
Price was at this demand area on 25th May, hence a retest of the broken demand area after almost a month.
The coin was up at $0.4189 in the supply area above the 10-EMA after a bullish opening at $0.3868. With the stochastic oscillator signal pointing up at 24%, this is an indication of upward bullish continuation in the medium term.
MIOTA/USD Short-term Trend- Bullish
The hammer at $0.3658 in the demand area suggests a trend reversal as the bulls made a gradual return. The bulls sustained the momentum as the market opens at $0.3907 with a push to $0.4185 in the supply area above the two EMAs.
The stochastic oscillator signal points up 81% in the overbought region an indication of upward price movement in the short-term.
$0.4600 in the supply area is up for a retest as the bulls initial target as more candles opened and closed above the two EMAs.
Live Iota (MIOTA) Price:
1 MIOTA/USD =$2.0196 change ~ -2.25%
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