IOTA worth evaluation: The MIOTA worth can check the decrease ranges

  • IOTA price is currently hovering in a consolidated zone after a long bull run that began on January 31, 2021.
  • MIOTA is currently valued at $ 1.13 with a loss of 9.36% in 24 hours and a gain of 27.64% from last week
  • The IOTA / BTC pair is currently trading at 0.00002369 BTC with an intraday loss of 2.70%.

SOURCE: Trade View

The IOTA coin technical diagram highlights “Bulls Are Coming To Rest” in today’s trading session. The current price of MIOTA coins is $ 1.12 while the main support is at $ 0.8 and the main resistance is at $ 1.4. Coin volume increased 31.58% and is currently at $ 340,693,809. The market capitalization is at the value of 3,198,032,127 USD with a loss of 9.87%

The price of Miota coins is currently in the consolidated zone. When the coin drops below the zone, it is very difficult to recover to a positive level.

Technical analysis of IOTA (MIOTA)

A historical past of value actions for NEOSource: trade view

The current IOTA price recorded a loss of 10.99% in today’s trading session. The current scenario of the IOTA coin shows a negative rally. The coin forms a bearish engulfing pattern in today’s trading session, suggesting that investors are skeptical of the coin.

The coin is above the 50 and 200 exponential moving average. The 50 EMA’s yellow line is currently at $ 0.6025 and is temporarily supported. The IOTA / BTC pair forms a bearish candlestick pattern suggesting that the price may see a bearish trend.

MACD: There has been a positive crossover signal on the daily chart. Bars in the histograms also show positive dynamics. The general sentiment at MACD is optimistic.

RSI: It’s worth 73.01 on the way, showing its presence in the overbought zone. The RSI is forming a negative slope, indicating that the price may see a bearish trend in the coming days

Conclusion

The IOTA coin posted a 10.99% loss in today’s trading session, hitting a 52-week high on February 13, 2021. The IOTA / BTC is developing negatively and may break the great support of 200-EMA. An investor should conduct due diligence prior to investing

Technical levels

Main Resistance: $ 1.4

Main support: $ 0.8

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