- The IOTA token price trend remains consolidated during the intraday
- IOTA/BTC pair is trading positive by 2.27% at 0.00002391 BTC
- The 24-hour trading volume in IOTA is $25 Million
The daily technical chart of IOTA token represents the price crawling above support zones for the past 20-days. According to Fibonacci Bollinger Bands (FBB), IOTA’s crucial support level is $0.74. On the other side, if it moves up, the necessary resistance level is at $1.15. Thus, while the intraday chart completes a Doji star candlestick pattern, projecting both bulls and bears failed to gain control over price movements.
Supertrend (bearish) indicator applied a sell signal on April 24, indicating that the currency is downward. In addition, investors may notice that the price is below the red Supertrend signal, so it will guarantee the downtrend of IOTA until the price stays below the red Supertrend.
Volume of (477.759K) is beneath the MA of 20-days (3.347M). A negligible amount of volume is present in IOTA on intraday, making its price remain at the constant level. Investors may also recognize descending volume bars in the chart, which indicates a big move is expected in upcoming trading sessions.
The MACD indicator gave (bullish) crossover above the signal line on June 29, indicating a buy signal in the coin. Moreover, Investors can see fuzzy tiny green bars in the Histogram index.
IOTA Token Price Lacks Strength
The IOTA token price is $0.81, a gain of 1.4%, and stays neutral with 0.7% in a week. In addition, due to a lack of momentum, price movements are struggling at a constant price range. However, the MACD indicator shows buying signals and is still green. For upmove, traders should increase buying pressure. Technically, the price lacks momentum and Crawls above the support level. Therefore, as with general market sentiment, the trend remains bearish.
Resistance: $1.15
Support: $0.74