- The IOTA coin on the monthly chart is trading sideways after a sharp bullish move and is now trying to stay above all DMA lines.
- The crypto asset tried to stay above its major moving averages and placed above its major robust moving averages of 20, 50, 100 and 200 day lines.
- The IOTA / BTC pair is trading at 0.0002267 BTC with an intraday loss of -3.32%, and the IOTA / ETH ratio is CMP at 0.0003241 ETH with a 24 hour change of -3.31 %
IOTA coin on the monthly chart is trying to move higher and appears ready for the next round of bullish move. The crypto asset is currently trying to stay above its vital moving averages of 20, 50, 100 and 200 day lines. The volume activity on the monthly chart is slightly average and needs to increase sharply in the coming trading sessions. We can expect a level of USD 2 in the upcoming trading sessions if the coin manages to hold out above all major DMA lines.
Bulls will gain more confidence as the crypto asset begins to hold up above its short to long-term moving averages with supportive volume. Support on the lower side is at $ 1.12 and $ 1.00, while resistance on the higher side is at $ 1.82 and $ 2.12.
The IOTA coin on the weekly chart is sideways and volume activity is increasing slightly
IOTA coin the weekly chart is sideways and volume activity is increasing slightly. The technical parameters are also domain-specific and show strong recovery from lower levels. Volume activity in the 4 hour timeframe is higher and needs to be kept above the average volume line. The price of IOTA is trading at $ 1.41 with a change of + 0.87% and the ratio of volume to market capitalization is 0.04942.
Relative Strength Index (NEUTRAL): IOTA coin The RSI is moving sideways on the weekly chart after selling off the overbought zone. The coin is trading flat in the neutral zone, with a strong rebound from lower levels, RSI at 55.
Moving average convergence divergence (CAUTION): The daily chart projects a caution on the 4 hour timeframe. The buyer’s signal line (green) goes in the direction of the seller’s line (red) for a negative crossover.
Support levels: $ 1.12 and $ 1.00
Resistance Levels: $ 1.82 and $ 2.12.
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