IOTA Gains over 7% on the day
IOTA Gains over 7% on the day
IOTA price surge is also supported by rising trading volume according to CoinMarketCap data.
A bullish flag pattern supported above $1.050 is good enough for the buyers in the short-term.
IOTA price is among the biggest daily gainers on Monday 16. $1.00 was a key resistance level since the opening of the session today. However, in the last hour, a bullish trend has smashed the resistance at this level, in addition to re-entering Andrews Pitchfork support zone. The price dancing with the 50% Fib retracement level with the last high leg of $1.24 and a low of $0.89 after hitting a snag short of $1.1."IOTA Gains over 7% on the day"
The price seems to be supported by high trading volume, similarly, according to the data provided by CoinMarketCap, the trading volume in the last 24 hours is $40,632,600 compared to the total trading volume at the close of the session yesterday at $28,366,900. The market capitalization is also slightly higher at $2.9 billion, in comparison to yesterday’s volume at $2.7 billion.
Technically, IOTA is likely to break the resistance at $1.1 before the close of the session today. But if it fails, a bullish flag pattern supported above $1.050 is good enough for the buyers in the short-term. The technical indicators like the stochastic and the RSI are showing that the sellers are seeking for an entry. Besides, the gap between the 100 SMA and the 50 SMA is beginning to increase, which means that, buying power is reducing.
IOTA (MIOTA) Price Surge
The cryptocurrency market according to CoinMarketCap charts seems to be awakening and MIOTS price surge could spell a breakout. The coin has managed to push past the $1 mark and this is not an isolated case; it reflects across the entire market. With the Qubic project announcement being anticipated, the coin appears ready to hold above the $1 zone till the end of July.'IOTA Gains over 7% on the day'
The last 24 hour trading session has seen MIOTA recover 7.85% to the dollar to trade at $1.07. MIOTA is ranked 9 by market capitalization and the last 24 hours has seen $52.7million worth of MIOTA change hands with the most popular pairs being MIOT/USD and IOTA/USDT with 48.52% of the total volume passing through BitFinex and Binance.
IOTA Gains over 7% on the day
Reviewed by mir khaleq ali
on
July 20, 2018
Rating:
Reviewed by mir khaleq ali
on
July 20, 2018
Rating:
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