MIOTA Price Prediction Today: Daily (IOTA) Value Forecast – July 8
- The crypto’s price was fluctuating between the levels of $0.35 and $0.50.
- However, if the bulls break above the EMAs, the crypto’s price will rise and retest the $0.5000 resistance level.
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 is range bound. The 12-day EMA and the 26-day EMA 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 the 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 is ranging below the EMAs indicates that price may likely fall. 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 EMAs, the coin will continue its range bound move. Meanwhile, the IOTA market is at the oversold region of the daily stochastic but above the 20% range. This indicates that price is in a bullish momentum and a buy signal.
IOTA/USD Short-term Trend: Bullish
On the 1-hour chart, the price of IOTA is in a bullish trend zone The 12-day EMA and the 26-day EMA are sloping upward. On July 8, the bulls tested the $0.40500 price level 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 bullish momentum and a buy signal.
Live Iota (MIOTA) Price:
1 MIOTA/USD =$2.0742 change ~ 1.05%
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