- IOTA is building a bullish strong bullish devouring candle after two days of sharp sell-off, indicating that the bulls are waiting to enter at a correct level
- The IOTA / BTC pair rose almost + 6.58% to stand at 0.00002813 BTC and showed a sign of recovery from the previous sell-off
Source: trade view
JOTA Price above the daily chart with signs of pullback and build-up and a bullish reversal candle. In defense of the 20-day moving averages, a sell-off from higher levels has been seen after hitting the new 52-week high of $ 1.78. On the daily chart, the support is at $ 1.25 and $ 1.08, while the resistance on the higher side is at $ 1.65 and $ 1.80. The volume does not support the price dynamics. Currently, the IOTA price is successfully trading above the 20, 50, 100 and 200 DMA moving averages, indicating the positive strength of the upcoming trading sessions.
Source: trade view
JOTA The price above the daily chart is bearish after rebounding from lower levels. A strong sell-off from the higher side is observed as IOTA hit its new 52-week high of $ 1.78. Support on the daily chart is at $ 1.38 and $ 1.32. The resistance on the higher side is $ 1.50 and $ 1.56. Currently the JOTA The price is trading at $ 1.44, with intraday gains of + 2.03%. The volume recorded over the past 24 hours is down almost -26.03% and stands at $ 175,884,842. Total market capitalization is $ 4,011,951,444 with an intraday gain of + 1.33%.
Relative Strength Index (BEARISH) indicates bearish momentum during trade at 46.12. However, it continuously tests towards the oversold zone after testing the overbought zone, which shows its bearish trend over a shorter period of time.
Moving Average Convergence Divergence (BEARISH) is currently showing a bearish trend on the daily chart as it trades on the meaning of the seller’s line (red) versus the buyer’s signal line (green) with no sign of any significant recovery.
Support levels: $ 1.25 and $ 1.08
Resistance Levels: $ 1.65 and $ 1.80
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