MIOTA Price Analysis: IOTA Coin Breaks Out From The $1.03 Resistance

  • IOTA coin price action is in an uptrend of 14.6% during the intraday trading session.
  • The 24-hour trading volume is at $127 million.
  • IOTA/BTC pair is trading positive by 13.4% at 0.00002255 BTC.

The daily technical chart of the IOTA coin displays an upward trend. According to the pivot levels, the primary support level is $0.80. On the other side, if it rushes up, the resistance level to follow is $1.15. Although the chart forms a three white soldier candlestick pattern within the day, it is predicted that the price may remain upwards with high reliability.

The Zig-Zag framed a top of $2.63 on May 18. After that, investors can notice a massive correction of 75%, all the way low to $0.56. Now price levels are back around the range of $1.00 this week. 

The volume of (1.652M) is above the MA of 20-days (2.459M). As a result, volume is moderate in IOTA, causing its price to break above the resistance zone. Investors may also mark that the volume bars on the chart are declining, which intimates that notable volatility is expected in the upcoming trading session. 

The RSI indicator gave a (bullish) signal with 68, projecting a buy signal in the coin. Investors may observe an inclining slope from 31 to 68. It may cool down in future trading sessions.

IOTA Coin Regains Bullish Momentum 

Today’s price of IOTA is $1.04, and the 24-hour trading volume is $127,050,761. MIOTA prices have increased by 14.6% in the past 24 hours. Its circulation is 2.8 billion MIOTA coins, and the total supply is 2.78 billion. In addition, the price breaks above the resistance zone. The RSI indicator shows a buy signal, and the traders have guided moderate volume. Technically, the price shows signs of breakout and remains in an uptrend. Therefore, as with overall market sentiment, the trend remains bullish.

Resistance Level: $1.15

Support Level: $0.80

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