Please do your ‘very own’ market research before making any investment in cryptocurrencies. Traders should place stop-loss orders below the $0.24 price level.ĭisclaimer : The presented information is subjected to market condition and may include the very own opinion of the author. Traders should benefit and lookout into buying setup to initiate large orders. ![]() As was the case in April this, buyers are expected to emerge. IOTA price is likely to resume its bullish trend because the price seems to have reached the oversold area of the market. On the upside, if the crypto’s price rises and breaks the upper trend line and then closes above the trend line, the market is likely to resume its bullish trend. The price of IOTA is likely to rise after testing the lower trend line. The 12-day EMA and the 26-day EMA are above the IOTA price, which means a bearish signal. The RSI (Relative Strength Index) Period 14 is level 33, indicating that the coin’s market is advancing towards the oversold region. On the upside, the price of IOTA is likely to rise because the price action may respect the historical price level. The crypto‘s price fell, and it is currently trading above the $0.25 price level. The market was trading below the $0.45 price level since the previous month before the bulls were resisted on June 22. The coin rose and reached the $0.45 overhead resistance in May. The market fell to its previous low and commenced another upward move and broke the $0.30 resistance level. On April 28, the bulls scored an upward movement but were resisted at the $0.30 price level. This was the previous low of April when the market reached the oversold territory. ![]() ![]() Presently, the market is trading above the $0.25 price level. The price of IOTA is bearish as the market reached the oversold region. The coin is likely to rise again as the market reached the oversold region.IOTA market had been trading above the historical price level of $0.25 since April.IOTA/USD pair is trading below the $0.25 price level.
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