MIOTA Price Prediction Today: Daily (IOTA) Value Forecast – June 17
- The crypto’s price was fluctuating between the levels of $0.41 and $0.44.
- On the downside, the bearish trend is said to be ongoing if the trend line is unbroken.That means the market may fall and reach the previous lows of $0.41 and $0.42 price levels.
IOTA/USD Medium-term Trend: Bearish
- Resistance Levels: $0.50, $0.55, $0.60
- Support Levels: $0.45, $0.35, $0.30
Last week the price of IOTA was in a sideways trend. The 12-day EMA and the 26-day EMA were sloping horizontally. The crypto’s price was fluctuating between the levels of $0.41 and $0.44. On June 16, the bulls made an upward move and reached a high of $0.46 price level. The bulls were resisted at the $0.46 price level, as the market went on a downward correction.
The bears broke the EMAs to reach the bearish trend zone. A bearish trend line has been drawn to determine the duration of the trend. On the downside, the bearish trend is said to be ongoing if the trend line is unbroken. However, if price breaks the trend line and another candlestick closes on the opposite of the trend line; the current trend is assumed to be terminated. Presently, the current trend is ongoing. Meanwhile, the IOTA market is at the oversold region of the daily stochastic but below the 60% range. This indicates that price is in a bearish momentum and a sell signal.
IOTA/USD Short-term Trend: Ranging
On the 1-hour chart, the price of IOTA is in a sideways trend zone. The IOTA market was on a downward correction after the resistance at the $0.46 price level. The market fell to the support of the 12-day EMA. Later the crypto’s price was ranging above the 12-day EMA which was resisted at the upper price range.
The IOTA market fell and found support at the lower price range. Nevertheless, the IOTA price is in the overbought region of the daily stochastic but above the 60% range. This indicates that price is in a bullish momentum and a buy signal.
Live Iota (MIOTA) Price:
1 MIOTA/USD =$1.8446 change ~ -5.14%
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