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MIOTA Targets $0.35 Resistance as Tamadoge Remains Bullish

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The IOTA price prediction keeps recovering above the 9-day and 21-day moving averages as the price remains within the short-term bullish trend.

IOTA Prediction Statistics Data:

  • IOTA price now – $0.29
  • IOTA market cap – $837.5 million
  • IOTA circulating supply – 2.7 billion
  • IOTA total supply – 2.7 billion
  • IOTA Coinmarketcap ranking – #55


Key Levels:

Resistance levels: $0.37, $0.39, $0.41

Support levels: $0.23, $0.21, $0.19

IOTAUSD – Daily Chart

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MIOTA/USD is in the hands of the bulls as the coin trades above the 9-day and 21-day moving averages. However, due to the current bullish movement, the coin may soon cross above the upper boundary of the channel. The technical indicator Relative Strength Index (14) is moving towards the upper boundary of the channel with the signal line pointing to the north for more bullish signals.

MIOTA May Hold the Current Price As Tamadoge Keeps Inclining

Looking at the daily chart, the IOTA price is ready to break more upsides as the 9-day moving average moves to cross above the 21-day moving average. However, the more the bulls pressurized the bears, the higher the coin would reach. Therefore, if the bulls maintain the upward trend, MIOTA/USD may continue with the bullish movement which could take the coin to the resistance levels of $0.37, $0.39, and $0.41 respectively.

On the other hand, any strong selling pressure may drag the price below the moving averages if the bears step back into the market, and should MIOTA trade below the daily opening price of $0.27, a bearish movement could take the price to the supports at $0.23, $0.21, and $0.19

Against Bitcoin, the IOTA crosses above the upper boundary of the channel as the bulls increase their entries into the market. At the time of writing, MIOTA is currently moving to create more uptrends as it trades at 1574 SAT. If the IOTA signals a more bullish rally, it could meet resistance at 1800 SAT and above.

IOTABTC – Daily Chart

However, traders can say that the market may continue the upward movement as the technical indicator Relative Strength Index (14) moves into the overbought region. On the contrary, if the coin drops and faces the lower boundary of the channel, it could find support at 1300 SAT and below.

OKX (formerly OKEx) is a centralized exchange (CEX) that also has its own DEX, where Tamadoge will also be tradeable – for those unable to register on OKX depending on their country of residence. The DEX listing will take place at 17:00 UTC, also on the 27th.

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