IOTA Price Analysis: Will MIOTA Surge to hit $0.33


  • MIOTA fall -7.19% in seven days.
  • IOTA is presently valued at $0.28
  • IOTA’s EMA(10) shows a downward trend.
  • MIOTA’s intraday volume stands at $10,815,359.00.

03 October 2022 : In this article we will walk you through IOTA price analysis for today or for next week and try to answer these frequently asked questions (FAQs), what is short term price prediction for IOTA, Is MIOTA a good investment? IOTA support & resistance levels etc. But before diving deep into the MIOTA technical analysis, let us talk about the current market conditions.

Market Analysis

Over the last twenty-four hours, there was a down fall of -1.34 percent, bringing the entire cryptocurrency market to $938,674,107,757. The total trading volume stands at $53,771,713,429. Bitcoin shares 39.72 percent of the entrie market while Ethereum has a dominance of 16.12%.
which resulted in Bitcoin's price rising to $19,449.78 level after an upward movement of 1.29%. A number of alternative cryptocurrencies, like ETHEREUM has seen a price increase of 1.85 percent reaching to $1,321.44 during the previous 24 hours.
While publishing this blog, BNB traded at $287.58, following a price change of 1.59% within the same time frame. XRP the native coin of XRP is down by -1.56 and currently trading at $0.45. Additionally, Cardano reached $0.43 after seeing a uplift of 0.31% in value.
These events indicate that the market is heading in a downward direction for short term. At this moment, a general negative dip can being seen throughout the crypto market.

IOTA Support and Resistance

Support and resistance are important technical indicators used to identify key price levels where the trend can change direction. Support is a level at which buyers become more active and stop the coin's price from falling any further. Similartly, Resistance is a level at which sellers become move active and stop the coin's price from moving higher.
Following are the support and resistance levels of IOTA (MIOTA)

MIOTA Resistance Levels MIOTA Support Levels
Resistance Level 1 $0.33 Support Level 1 $0.27
Resistance Level 2 $0.36 Support Level 2 $0.24
Resistance Level 3 $0.38 Support Level 3 $0.22

IOTA Performance

The current IOTA price is $0.28, with a trading volume of $10,815,359.00 in the past 24-hours. Currently, MIOTA is down by -0.84% since yesterday with a market capitalization of $773,239,200.00 USD.

IOTA Price Analysis

MIOTA price analysis for 03 October 2022 within a daily time frame explained below. we use Relative Strength Index(RSI), Moving Average Convergence and Divergence (MACD), Support levels, Resistance levels, different time period moving averages including Simple Moving Average (SMA) and Exponential Moving Average (EMA) to analyze the future movement of the IOTA.

Moving Averages Price Indicator
Simple Moving Average (10) 0.29 Sell
Exponential Moving Average (10) 0.29 Sell
Simple Moving Average (20) 0.28 Buy
Exponential Moving Average (20) 0.28 Sell
Simple Moving Average (50) 0.29 Sell
Exponential Moving Average (50) 0.29 Sell

While MIOTA’s Williams %R indicator is at -43.366 for the 14-day time period indicating a neutral condition.A trade signal is possible at this range. The relative Strength Index (RSI) indicates that the MIOTA coin is in heading towards overbought zone, as RSI is at 66. The MIOTA/USD Moving Average Convergence and Divergence (MACD) indicator is indicating a short-term buy signal as the MACD line is moving above Signal Line Which means bulls are dominating in the market. The immediate resistance for MIOTA is found at $0.33, and a breakout from this level could leads towards the next resistance, which can be found at $0.36. On the other hand, if the bear take control and MIOTA price fails to break out above $0.33, it could fall back towards the crucial support at $0.27.

Conclusions

The value of MIOTA is continuously dumping but it is expected that support levels at $0.27 and $0.24 will act as crucial points and bounce the trend line in the bullish zone