IOTA price battling near major DMA lines, what’s next?

  • The IOTA price above the monthly chart is trading near its vital 100 and 200 day moving average while the volume activity below its average volume line is re-encoded.
  • The digital asset is trading under pressure after seeing a decline from the higher side.
  • The IOTA / BTC pair is trading under pressure at 0.00002002 BTC with an intraday gain of -0.01%, and the IOTA / ETH ratio is CMP at 0.0003276 ETH with a 24 hour change of +0, 46%.

JOTA The price is trading under slight pressure in the current situation, while it cannot suppress its short-term moving averages. Meanwhile, the crypto asset is trading sideways with no strong rebound and Bears appears to be overwhelming the bulls. The volume activity is below the average line in the current situation and needs to be improved enormously in the coming sessions. The overall chart setup still doesn’t give the bulls any confidence as the bears seem overpowering in the current situation.

In the meantime, closing the day candles above their key DMA lines with supporting volume activity will add buyer interest. Support on the lower side is at $ 1.12 and $ 1.00, while resistance on the higher side is at $ 1.63 and $ 1.82.

The IOTA price on the weekly chart is trading sideways with slightly bearish momentum

JOTA The price on the weekly chart is trading sideways with slightly bearish momentum. In contrast, the volume above the chart increases and jumps above its average volume line. The technical parameter is moving towards the neutral zone, with a slight increase from lower levels. The IOTA price is trading at $ 1.24 with an intraday gain of + 2.10% and the volume to market cap ratio is 0.01232.

Relative Strength Index (NEUTRAL): JOTA The RSI price is trading flat after gradually recovering from lower levels. In contrast, the coin is trading sideways, moving towards the neutral zone and the RSI at 42.

Moving average convergence divergence (MIXED): The daily chart projects a chopped trend in the 4 hour timeframe. At the same time, the seller line (red) and the buyer’s signal line (green) overlap.

Support levels: $ 1.12 and $ 1.00

Resistance Levels: $ 1.63 and $ 1.82.

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