- The Iota token above the monthly chart is trading positively as it hits higher highs and lows and is currently struggling near its major DMA lines.
- Currently, the digital asset is struggling near the major moving average lines of 20, 50, 100 and 200 day lines while volume activity is slightly moderate.
- The IOTA / BTC pair is trading at 0.00002124 BTC with an intraday loss of -1.48%, and the IOTA / ETH ratio is CMP at 0.0003333 ETH with a 24 hour change of -1.40%.
Iota token on the monthly chart projects positive momentum, followed by the rising trend line. The digital asset is trading above its major 100 and 200 day DMA lines as it seeks to suppress its short term MA line of 20 and 50 days. The volume activity support will stimulate more buyers in the upcoming trading sessions once the crypto asset manages to maintain especially DMA lines.
Volume on the monthly chart is recorded near its average line, which must grow strongly for a strong rebound. Support on the lower side is at $ 1.16 and $ 1.01, while resistance on the higher side is at $ 1.54 and $ 1.81.
Iota token is trading in a sideways trend after falling sharply from higher levels
Iota token above the weekly chart it is in a sideways trend after falling sharply from higher levels. In contrast, volume activity on the weekly chart is increasing and jumping above its average volume line. The technical parameter also predicts an imminent bullish momentum after a sell-off from higher levels. Once the crypto asset gains positive momentum, we can see a strong rebound in the upcoming trading sessions. The IOTA price is trading at $ 1.30 with an intraday gain of + 2.05% and the volume to market cap ratio is 0.02266.
Relative Strength Index (BULLISH): Iota token The RSI is trying to get bullish after a sharp sell-off from higher levels. Meanwhile, the coin is trading below the neutral zone and the RSI at 45.
Moving average convergence divergence (BULLISH): The daily chart shows an impending positive trend in the 4 hour timeframe. At the same time, the buyer’s signal line (green) goes in the direction of the seller’s line (red) for a positive crossover.
Support levels: $ 1.16 and $ 1.01
Resistance Levels: $ 1.54 and $ 1.81.
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