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MIOTA Price Prediction Today: Daily (IOTA) Value Forecast – June 24

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  • On the upside, if the bulls break the upper price range, IOTA market will reach the highs of either $0.55000 or $0.60000 price level.
  • The crypto’s price was fluctuating between the levels of $0.40 and $0.50.

IOTA/USD Medium-term Trend: Ranging

  • Resistance Levels: $0.50, $0.55, $0.60
  • Support Levels: $0.45, $0.35, $0.30

Last week the price of IOTA was in a sideways trend. The 12-day EMA and the 26-day EMA were sloping horizontally. The crypto’s price was fluctuating between the levels of $0.40 and $0.50. On June 22, the IOTA market was resisted as the bulls tested the $0.5000 upper price range.The crypto’s price fell to the support of the 12-day EMA and commenced a range bound move above the EMAs.

Presently, the crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is likely to rise. On the upside, if the bulls break the upper price range, IOTA market will reach the highs of either $0.55000 or $0.60000 price level. On the other hand, if the bulls fail to break the upper price range, the crypto’s price will continue its range bound move. Meanwhile, the IOTA market is at the oversold region of the daily stochastic but above the 40% range. This indicates that price is in a bullish momentum and a buy signal.

IOTA/USD Short-term Trend: Bullish

On the 1-hour chart, the price of IOTA is in a bullish trend zone. On June 21, the crypto’s price was making a series of higher highs and higher lows. However, IOTA market was resisted at the $0.4800 price level but the price fell and found support at the low of $0.4400.

The bulls made an upward move to retest the $0.4800 price level. Nevertheless, the IOTA price is in the oversold region of the daily stochastic but above the 40% range. This indicates that price is in a bullish momentum and a buy signal.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

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