- The IOTA coin continues its upward trend that began on January 27, 2021
- The MIOTA price is currently at $ 1.5 with an intraday gain of 2.95% and a gain of 18.29% over the weekly timeframe
- The IOTA / BTC pair is currently at the 0.00002683 BTC level, up 0.83% and with 50 MA support
Source: trade view
The IOTA daily chart highlights the presence of bulls in today’s trading session. The MIOTA price is currently at $ 1.5, up 2.95%. The main resistance of the coin is at $ 1.8 and the support is at $ 1.2. IOTA volume is down 29.58% and market cap is up 1.94%. MIOTA price can see an upward trend and reach as high as $ 2 in the coming days.
Technical analysis of IOTA (MIOTA)
Source: trade view
IOTA’s daily technical chart highlights “Bulls on Rest”. MIOTA price is trading above the 50 and 100 exponential moving average. The blue line of 50 EMA is at $ 0.754 which is temporary support. The coin has broken out of the supply zone on the daily chart. Here, too, the price level can be tested again on the rectangle of the supply zone before a significant change is made. A Doji candlestick pattern has formed on the daily chart showing the state between buyers and sellers. The IOTA / BTC pair shows a significantly positive performance and can break the 0.00003204 BTC resistance
MACD (bullish): There was a positive crossover signal in the last trading session. The MACD signal line is in favor of bulls and the histogram bars are also on bulls. The general sentiment in MACD is bullish.
RSI (Neutral): It is trading at the 85.62 level showing its presence in the overbought zone. A zero slope is forming in the RSI, indicating that the price may have a slight upward move before returning to the lower levels.
CONCLUSION
The IOTA price was on a bull run with a break out of the demand zone on the daily chart as of January 27, 2021. The IOTA / BTC pair is also showing strong upward momentum and can break the 0.00003204 resistance
Technical levels
Main Resistance: $ 1.8
Main support: $ 1.2
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