- IOTA gained 1.36% value in a day and it might test $0.1634 soon
- There has been a marginal decline in the market cap overnight
Like most of its peers, IOTA cryptocurrency also has taken steps towards recovery. However, it could not make any significant move and yesterday, the price spotted at $0.1533. Over the next 3 hours & 11 minutes, IOTA gained 4.57% and added $0.007 to get placed at $0.1603. However, at this high, the currency faced rejection and marked a gradual decline and fell to $0.14936 by 13:24 UTC.
After trading below the $0.15 mark, IOTA managed to gather upward momentum & gained 7.08% value and placed at $0.1599.
Despite the sharp upward move, IOTA failed to cross the $0.16 mark and at the time of writing, it was trading at $0.1554. The 20 days & 50 days MAs are at $0.15539088 and $0.15522066, respectively. The current IOTA price trades above both the moving averages by 0.139% and 0.03% respectively. As per the current movement and MIOTA prediction, IOTA might breach $0.16 price level in the upcoming hours.
| IOTA (MIOTA) | Resistance and Support Levels |
| 1st Resistance | $0.1634 |
| 2nd Resistance | $0.1676 |
| 3rd Resistance | $0.1736 |
| 1st Support | $0.1531 |
| 2nd Support | $0.1471 |
| 3rd Support | $0.1429 |