IOTA Price Analysis: IOTA Coin Struggles To Break Above $1.18

  • IOTA coin price action is in a flat trend on the Thursday trading session
  • The 24-hour trading volume in IOTA is at $40.237 Million
  • The IOTA/BTC pair was trading at 0.00002840 BTC with a gain of 3.40%

The daily technical chart of the IOTA coin displays the price is struggling below the EMA-200. According to pivot levels, the IOTA critical support level is $0.65. Whereas if it moves up, the primary resistance level to watch is $1.35. The chart presents a bullish inside candlestick pattern representing bullish reversal with medium reliability.

The CCI indicator gave a (BEARISH) signal with a value of -35, showcasing a sell signal in the coin. As a result, investors may see a flat slope in the index. Furthermore, it may remain flat in the upcoming trading session.

The Moving Average Exponential (EMA), consisting of 200-EMA, acts as a reliable support in the coin price movement. Investors may observe the price is floating below the red line, so until the price resides below the EMA, it will assure a downtrend in IOTA.

The volume of (313.05K) is underneath the Volume MA (2.685M) of 20-days. As a result, investors can see low trading volume in IOTA, which results in a consolidation of the intraday price.

The Parabolic SAR also suggests a buy signal on intraday, and Until the yellow dots remain below the price candlesticks, it will assure a bullish trend in IOTA.

IOTA Coin May Consolidate Below EMA-200  

IOTA coin price traded at $1.10 with a gain of 2.6% daily and 5.8% negative in a week. Moreover, IOTA price action is struggling to break above the EMA-200 on intraday. In contrast, market capitalization stands at $3.050 billion. 

Technically, investors can notice a deficiency in the momentum, and the price is below the EMA-200. The CCI presents a flat slope in a negative zone. Furthermore, the volume is low below the MA of 20 days. Additionally, the price move can remain neutral in the upcoming days.

Resistance: $1.35

Support: $0.65

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