MIOTA Price Prediction Today: Daily (IOTA) Value Forecast – July 22
- The crypto’s price was fluctuating between the levels of $0.35 and $0.50.
- The crypto’s price broke the lower price range and fell to the low of $0.25000.
IOTA/USD Medium-term Trend: Ranging
- Resistance Levels: $0.50, $0.55, $0.60
- Support Levels: $0.40, $0.35, $0.30
Last week the price of IOTA was in a sideways trend. There had been no significant price movement as the crypto’s price was range bound. Traders are to look out to buy setup to initiate long trade at the lower price range. The moving averages were sloping horizontally. The crypto’s price was fluctuating between the levels of $0.35 and $0.50.
The IOTA price was characterized by small body candlesticks like Doji and Spinning tops. These candlesticks described the indecision between the buyers and sellers at the current market price. On June 27, the bears broke the EMAs and tested the lower price range. The crypto’s price broke the lower price range and fell to the low of $0.25000.
However, if the bulls break above the EMAs, the crypto’s price will rise and test the $0.5000 resistance level. On the other hand, if the bulls fail to break above the EMA, the coin will continue its range bound move. Meanwhile, the IOTA market is at the oversold region of the daily stochastic but below the 20% range. This indicates that price is in a barish momentum and a sell signal.
IOTA/USD Short-term Trend: Bullish
On the 1-hour chart, the price of IOTA is in a bearish trend zone The 12-day EMA and the 26-day EMA sloping upward. On July 8, the bulls tested the 26-day EMA and were resisted as the crypto fell to the support of the EMAs. Nevertheless, the IOTA price is in the oversold region of the daily stochastic but above the 40% range. This indicates that price is in a bearish momentum and a sell signal.
Live Iota (MIOTA) Price:
1 MIOTA/USD =$2.1273 change ~ 5.26%
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