IOTA price prediction for today, December 3 – MIOTA technical analysis

According to the IOTA price prediction, MIOTA rose 11.7% in the last 24 hours, reaching a daily high of $0.235.

IOTA prediction statistical data:

• Current IOTA price – $0.267
• IOTA market capitalization – $964.6 million
• IOTA Circulating Supply – 3 billion
• IOTA total supply – 3 billion
• IOTA CoinMarketCap Ranking – 58th

MIOTA/USD Market

Main level:

Resistance levels: $0.320, $0.340, $0.360

Support levels: $0.200, $0.180, $0.160

MIOTA/USD has been strong over the past 24 hours amidst a technical correction following a downtrend. The coin is currently moving to cross above the upper border of the channel. Moreover, if the red line of the 9-day moving average stays above the green line of the 21-day moving average, the IOTA price could generate further upside.

IOTA Price Prediction: MIOTA/USD Finally Bounces

Looking at the daily chart, IOTA price continues to move north, but the current IOTA price is $0.267, above the 9-day and 21-day moving averages in the channel, so it appears that the upward trend is growing and a recovery has begun. Buying pressure. For IOTA (MIOTA) to truly recover, it will need to continue its upward trend over the next few days. According to the current trend, the next resistance levels are likely to be $0.320, $0.340, and $0.360.

On the downside, a sustained move below the moving average could open a bearish path to the $0.220 support level, which would likely slow down the bearish pace and act as a springboard for a recovery. Meanwhile, the next support levels could be located at $0.200, $0.180, and $0.160, respectively.

MIOTA/BTC is going strong.

Compared to Bitcoin, IOTA price continues to show strength, with resistance growing larger than support. However, volume and resistance would need to be increased to trigger a surge in the market that would allow the coin to move beyond the upper boundary of the channel to resistance levels above 800 SAT.

However, there are currently no signs of bearish movement in the market. So, if a bearish move occurs and the coin falls below the 9-day and 21-day moving averages, MIOTA/BTC may reach the nearest support below 500 SAT, but the 9-day MA is hovering above the 21-day MA. To increase bullish movements.

IOTA Alternatives

IOTA price is showing a bullish trend, with the moving average becoming more bullish, trading above the 9-day moving average and reaching $0.282. However, there is a possibility of the coin crossing the upper boundary of the channel, making this an important development for traders to monitor. But the more pressure the bull puts on the bear, the higher the coin can reach.

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