Iota (MIOTA) Price Analysis: Gradual Fall In The Prices of Iota(MIOTA)

By March 15, 2020Altcoins
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  • Bulls trying their level best, after suffering their biggest price fall in recent, Iota prices are suffering a lot on the normal.
  • MIOTA/BTC pair showing positive signs with a profit of 8.21 % bringing the level to 0.0002703.

The 7day-charts indicates that bullish dominance in the market is not allowing prices to make a gradual climb. In recent days a crucial resistance of $0.140 is providing extreme pressure on the prices. The Down trending nature of the market is at its peak.

This current nature of prices is not a good sign for crypto investors as there is no rise in the prices, just gradual fall and lots of struggle to stay on the crucial normal level.

MIOTA’s current market capital is $400,069,388USD with volume traded of $ 9,433,622USD and circulative supply of 2,779,530,283 MIOTA.

Iota (MIOTA) Technical Analysis

Source:tradingview

There is a gradual price fall in the MIOTA’s prices as they are kept on going downwards with the bearish dominance. Many global market factors are responsible for continuous price fall in the crypto asset. The downtrend in the market is really affecting cryptocurrencies badly.

Source:tradingview

The technical indicators and oscillators are showing major dominance in the selling volume of the altcoin.

The MACD levels are completely in bearish level due to the significant down in the prices. After falling to the selling region, there was a complete dominance of bears.

The 24hr-RSI are in the bearish level of normal zone showing down-trending nature of the crypto market.

The 24hr-CCI is moving on the lowest level of normal with slight positive diversion, which indicates that there are still some buying volume left in crypto asset

Resistance Level $0.440
Support level. $ 0.142

MIOTA/BTC pair showing positive signs […]

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