![]() ![]() Only in the last few months has there been noteworthy progress in growth with the IOTA 2.0 vision, also known as Coordicide. So far, IOTA has not been able to uncover a solution for the whole decentralization of the Tangle structure. At the beginning of September 2021, the price touched $2 again.īut again IOTA could hardly grow further. Several members of the founding team dropped out and growth was hindered for a long time. But while many other coins were able to touch a new all-time high in autumn 2021, IOTA could not even touch its earlier high. In April 2021, the IOTA price touched $2.60 again and the prediction for the remaining year was very favorable. In figure 1 above, we can notice how the current crash is affecting IOTA prices. Damaging image in the mainstream media ( Warren Buffet’s speech)Īll the above factors contributed to the drop in IOTA prices.Issues arising related to blockchain tech ( UST’s collapse, Gas fee problems…).The bearish trend still flying since November 2021.Many facets came into play for IOTA to hit: Today, the current price is sitting at $0.28. ![]() Even when the market was growing the IOTA prices had fallen from over $1.5 to under $0.5. At the time of writing this, the IOTA price is trading at $0.2848. In December 2017, the IOTA price touched its all-time high of $5.69. The price in the last bull market in 2021 was far from touching the heights of the earlier bull market in 2017. Like almost all other coins, the MIOTA price has witnessed heavier losses in recent years. #IOTA PREDICTIONS PROFESSIONAL#Always consult a trained financial professional before investing in cryptocurrencies, as the market is particularly volatile.The IOTA’s native token is MIOTA. Where do you think the price of IOTA is heading? Let us know your thoughts in the comments below.ĭisclaimer: This article is not trading advice and should not be construed as such. #IOTA PREDICTIONS FULL#Full validation would occur if a breakout follows continued movement in the channel for some time prior. Partial validation would occur if a breakout occurs imminently without continued trading in the downward channel. A breakout remains possible.Ī breakdown below support initiating more rapid price decreases would invalidate this prediction. Summary of Analysisīased on this analysis, it is likely that the price of IOTA should continue trading within the descending channel. If the price were to break down from the channel or continue decreasing at the rate predicted by the channel, the $0.295 area would provide a likely reversal. The closest support area is found near $0.302 where the price is currently. This scenario is more likely than a breakdown however, a breakout cannot be conclusively determined as forthcoming. If the price were to break out of the channel, these would present likely reversal areas. The first resistance area is found near $0.314, followed by the second one near $0.327. They can act as a ceiling/floor that prevents the price from moving further in that direction Resistance and support areas are formed when the price reaches a certain level several times. The price of IOTA (IOTA) on Binance is analyzed in two-hour intervals from Feb 12 to Mar 18 to determine possible reversal areas in the case of a breakout or breakdown. However, the possibility of a breakdown remains along with the possibility that the price will continue trading within the descending channel for the foreseeable future. Using these indicators, it is likely that the price will move towards the resistance line to touch it, before possibly breaking out. However, it is occurring in a neutral pattern and it is not very significant in value, reducing its validity. This is known as bullish divergence and often precedes price increases. However, they have continued to generate higher or identical values since. Similarly, the RSI and the MACD made the first low on Mar 24. ![]() ![]() Since then, it has continued to generate lower lows. On Mar 24 the price made a low of $0.309. It is used to measure the strength of a move. The moving average convergence divergence (MACD) is a trend indicator that shows the relationship between two moving averages (long and short-term) and the price. The RSI is an indicator which calculates the size of the changes in price in order to determine oversold or overbought conditions in the market. Combining RSI and MACD bullish/bearish divergence with support/resistance essentially predicts price fluctuations. ![]()
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