- The MIOTA price developed with positive momentum on Friday
- The IOTA price is $ 1.50 which is up 17.07% over the past 24 hours and up 31.17% from the previous week
- The IOTA / BTC pair is neutral at 0.07% in Friday’s trading session (0.00002888).
Source: TradingView
JOTA It had bullish momentum on the weekly chart, rising to $ 1.56 on February 19, 2021 as it broke above resistance levels created in the past. The IOTA price hit a 52-week high a few hours ago. The trading volume of USD 487,697,195 in the last 24 hour period represents an increase in value of 139.87%. The IOTA / ETH pair is in an uptrend with a value of (0.00079712) up 3.71% in Friday’s trading session.
Partnership with Curv Custody
The IOTA token will soon be available on Curv’s platform for the custody of industrial grade digital assets. Curv will be the first MPC (Multi-Party Computation) storage solution integrated into IOTA. By integrating with Curv, any application that uses Curv’s institutional custody can support the IOTA token.
IOTA technical chart is showing bullish momentum
Source: IOTA / USD on TradingView
The technical diagram of JOTA underlines a positive trend. In contrast, the IOTA price is $ 1.50. According to pivot points, the critical support level for IOTA is $ 1.32. Conversely, when it goes up, the main resistance level to watch is $ 1.62. Diving into the weekly chart of a 4 hour timeframe completes a bearish doji star candlestick pattern.
The volume indicator with the value (870.7 K) reflects a low sales volume in coins. Investors can expect a further decline in sales volume in the coming trading sessions.
SMA-200, The price stands at $ 0.68 which is another strong support for the coin. The price is above the SMA and investors can expect an uptrend in the coin.
MACD display (BULLISH), The bullish crossing of the signal line detected on February 19, 2021 indicated a buy signal in the coin during the trading session. It also marks the green bars in the histogram.
RSI indicator (BULLISH) with a value of 70.23 indicates a buy signal in the coin. An increase in value can be observed in the coming trading sessions.
Conclusion
The IOTA price is positive by 17.07% on Friday. The price is above the SMA of $ 0.68. Investors can expect price to move towards a resistance level of $ 1.62. All technical indicators recommend a green signal in the coin.
Resistance: $ 1.62
Support: $ 1.32
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