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IOTA Price Analysis: Three upside up patterns analysed recently

 

  • IOTA has a current price/MI is $1.574
  • The token has shown the pattern of upside gap three methods.
  • The RSI oscillator for IOTA shows the NEUTRAL action.
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The last known price of the token, IOTA, is $1.57 and is low by 13.52% over the last 24 hours. It has the current trading volume(s) of 423,250,675 with a gain of 27.85% over the last 24 hours. IOTA has total addresses of 4,706 holders with the active address(es) of 69,189 in the last 24 hours. It has a circulating supply of 2,779,530,283 MIOTA coins and a max. supply of 2,779,530,283 MIOTA coins.

The chart above shows the movement of IOTA where 200 DMA has been running below it and even DMA-50 is below it in a four hours time frame. We see the token with respect to SMA’s which are 20, 50 and 200 and it is SMA-20 which is ahead of both the SMA’s, one (SMA-200) SMA and also above the other (SMA-50). We see an upward pattern here. The trend line marked shows this upwards shifting. Recently, we see a rally continued from $1.04 and continued to $3.00 and marked.Earlier, when SMA-20 crossed the other two sma’s we saw returns of nearly 20% on an average. Presently, the SMA-20 has been moving ahead of the other two SMA and returns touched 40%.  

Its top 10 and 20 holders have more than 60% holdings and top 50 and 100 have more than 80% which makes the strong supply side of the coin.

An RSI oscillator is also present in the chart which shows the proper time to buy or sell the token. RSI for the last 5 hours shows the value of 45.623 and marks the neutral action. MA-5, MA-50 and MA-200 show the buy action. MA-10 and MA-20 show the same sell action. However, the IOTA at present is all set to buy.

The bull/bear power has the value of 0.0690 and shows the buy action. The high/low marks the neutral action with the value of 0.0000.

The IOTA-BTC pair is trailing at the level of 0.00003401 and the loss of 1.38% was seen whereas the IOTA-ETH pair is trailing at the level of 0.0004626 and the gain of 0.01% was seen in the last 24 hours. The volume/market cap of the token is 0.09537 and its market dominance is 0.22%.

Conclusion: The coin had moved on a steep path recently and has marked the monthly high. Candles are settling at SMA-50 zone and we assume that SMA-50 might provide support to candles to flourish likewise in the market.

The days range for the coin is 1.256-1.824 and presently is at 1.5543. The 24 hours high and low of the coin is 1.79 and 1.28 respectively. 

Technical Instruments:

Pivot: 1.6575

R-1: 1.6955

R-2: 1.7183

S-1: 1.6199

S-2: 1.5967

Note:

  • The unit is USD
  • SMA-20: Green colour
  • SMA-50: Red colour
  • SMA-200: Blue colour