- IOTA coin price looks strong and appears ready for a huge uptrend while being supported by 20 & 50 short term moving averages (SMA).
- The coin has the strong support of 50-DMA where aggressive buying is seen while 20-EMA acts as short-term support
- The IOTA / BTC pair is trading positive at 0.00003831 BTC with an intraday gain of + 5.63%
Source: trade view
The JOTA The coin price looks bullish on the monthly chart despite some short-term weaknesses. The coin is in a solid uptrend while creating higher highs and lower lows patterns. IOTA also supports 50-day exponential moving averages (EMA) and good buying interest is being observed. The coin is currently mostly trading on the 20, 50, 100 and 200 day moving averages, but the coin can see a short-term decline. In addition, there is a need to improve the volume on the monthly chart, which falls below the average line. However, the overall long-term chart still speaks in favor of bulls. Support on the lower side is at $ 1.88 and $ 1.65. Likewise, the resistance is $ 2.40 and $ 2.70.
Sideways or mixed trend is expected
Source: trade view
JOTA The coin price above the weekly chart is trading with a rising trend line and predicts bullish momentum. However, a short-term correction to the 20 day SMA is seen and the coin can retest the rising trendline. Likewise, all technical indicators project sideways for a short time or mix trends. Support on the weekly chart is at $ 2.10 and $ 2.00, while the $ 2.30 and $ 2.44 act as resistance. Currently, coin trading was at $ 2.24 with an intraday gain of 4.87% while the volume rose almost + 17.67% to hit $ 206,687,119. The total market capitalization ranks 30th with intraday gains of + 4.76% and a value of $ 6,258,693,739.
Relative Strength Index (NEUTRAL) indicates sideways or neutral momentum during trade at 55.62. In the short term, however, a sideways or flat trend is expected.
Moving Average Convergence Divergence (NEUTRAL) currently shows a mixed trend on a daily basis. JOTA acts on a mixed note where the seller’s line (red) and the buyer’s signal line (green) overlap.
Support levels: $ 1.88 and $ 1.65
Resistance Levels: $ 2.40 and $ 2.70.
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