IOTA Coin Insane bullish momentum hits $ 2 mark, will $ 3 be the next target?

  • IOTA-Coin predicts a solid comeback of the bulls above the monthly chart with strong volume activity.
  • The crypto asset in the chart is above all major moving averages of 20, 50, 100 and 200 day lines; A positive transition can also be seen in the recent buying campaigns.
  • The IOTA / BTC pair is trading heavily bullish with an intraday gain of + 16.85% at 0.00003659 BTC, and the IOTA / ETH ratio is at 0.0004704 ETH with a 24 hour change of +17.48 . a good increase in%.

Trade view

JOTA The coin on the monthly chart is trading strongly bullish with insane growth from the lower levels. The crypto asset formed a bullish engulfing candle on the monthly chart and made a strong breakout above the previous day’s highs. In addition, the huge growth is also seen over the volume part, which helps the bulls hit the $ 2.00 mark after a long time horizon.

The technical parameters also reach the overbought area and the pullback should be used for new entrants. Sustainability above the major DMA lines of 20, 50, 100 and 200 days will create more positive momentum up to $ 3.00. Support on the lower side is at $ 1.4500 and $ 1.2430, while resistance on the higher side is at $ 2.1425 and $ 2.45.

The IOTA coin on the weekly chart is about to pull back from the higher side

Trade view

JOTA Coin on the weekly chart is currently facing a pullback from the higher side after a strong bullish rally from lower levels. The technical parameters also reach the overbought zone and the pullback can be used for a new entry. On the 4-hour chart, it still takes volume movement to grow to hold its own on the higher side. Currently the coin is trading at $ 1.79 with an intraday gain of + 13.82% and the volume to market cap ratio is 0.1546.

Relative Strength Index (CAUTION): JOTA The coin RSI currently suggests some caution after a strong uptrend on the weekly chart. In contrast, after testing the overbought zone and the CMP, the RSI is moving down at 67.

Moving average convergence divergence (CAUTION) indicates caution on the daily chart. This is because the buyer’s buyer’s signal line (blue) crosses the seller’s line (red) and goes towards the seller’s negative crossover line.

Support levels: $ 1.4500 and $ 1.2430

Resistance Levels: $ 2.1425 and $ 2.45.

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