IOTA Token Uptrend Struggling Near Major DMA Lines.

  • Iota token over the monthly chart is trading on a positive note while making higher highs and lows and currently struggling near its vital DMA lines. 
  • Presently, the digital asset is struggling near the vital moving average lines of 20, 50, 100, and 200-day lines, while volume activity is slightly moderate. 
  • The pair of IOTA/BTC is trading at 0.00002124 BTC with an intraday loss of -1.48%, and the ratio of IOTA/ETH is CMP at 0.0003333 ETH with a 24-hour change of -1.40%.  

Iota token at the monthly chart is projecting a positive momentum, followed by the rising trend line. The digital asset is trading above its vital DMA lines of 100 and 200-days while trying to suppress its short-term MA line of 20 and 50-days. Supporting volume activity will boost more buyers in upcoming trading sessions once the crypto asset manages to sustain above all DMA lines.

Volume over the monthly chart is recorded near its average line, which needs to grow strongly for a strong bounceback. Support on the lower side is $1.16 and $1.01, whereas resistance on the higher side is $1.54 and $1.81.  

Iota token is trading in a sideways trend, after a sharp decline from the higher levels

Iota token over the weekly chart is trading in a sideways trend, after a sharp decline from the higher levels. In contrast, volume activity over the weekly chart increases and jumps above its average volume line. The technical parameter is also projecting upcoming bullish momentum after a selloff from higher levels. Once the crypto asset gains positive momentum, we can see a strong bounce back in forthcoming trading sessions. IOTA price is trading at $1.30 with an intraday gain of +2.05%, and the volume to market cap ratio is 0.02266.  

Relative Strength Index (BULLISH):  Iota token RSI is trying to turn bullish after a sharp selloff from the higher levels. Meanwhile, the coin is trading under the neutral zone and RSI at 45. 

Moving Average Convergence Divergence (BULLISH): The daily chart indicates an upcoming positive trend at the 4-hour time frame. At the same time, the buyer’s signal line (green) is heading towards the seller’s line (red) for a positive crossover.     

Support levels: $1.16 and $1.01 

Resistance levels: $1.54 and $1.81. 

This news is republished from another source. You can check the original article here.

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