IOTA {MIOTA} price analysis 2019; What’s next for this DAG-based project?

By November 2, 2019 Altcoins
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In accordance with the candlestick chart connected to the IOT/USD pair on tradingview [based on data drawn from the Bitfinex Exchange], this digital currency is being affected by buyers as of this moment. The daily RSI [for 14 periods] has risen slightly and sits at 52.6 which can be linked to $MIOTA’s progression in the neutral zone.

In the aftermath of 30th October, the MACD line began heading close to the signal line which, in turn, resulted in the histogram adopting a pale green shade, pointing towards bullish momentum which is gradually shrinking. A trend change may influence this altcoin by next week. The final peak tied to the Awesome Oscillator [established over the zero line] bears the brown shade, which can be construed as a warning signal for bulls.

Initial support lies near the $0.02592 mark and resistance may play a significant role at $0.3005.

The only way that we can realize the vision of the #MachineEconomy is through feeless micropayments. #IOTA was designed from the ground up to be the backbone for #IoT and empower millions of devices to transact with each other. pic.twitter.com/9sspyiutJE

— IOTA (@iotatoken) November 1, 2019

The Foundation hopes to shape the future, which shall include smart cities and an ecosystem thriving on an Internet-of-Things.

IOTA is ranked at #18 in the market to the north of Dash and Cosmos. In the course of the past 24-hours, the price received a minor boost amounting to 1.31% which helped $MIOTA pull through and rush towards the $0.276174 where it currently holds. The trading volume recorded stands at approximately $5.032 million, and the total market cap of IOTA amounts to $767.663 million.

0/ I’ve spent the last few months recording an “Automation Series.”

This 8 part audio series explores how distributed ledger technology and automation intersect, including conversations with experts from different industries.

— Pomp (@APompliano) October 31, 2019

Recently, Pomp interviewed Dominik Schiener who is an IOTA co-founder. You can read more about their enlightening conversation if you venture through this article published a day ago.

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