IOTA Price Prediction for Today, December 3 – MIOTA Technical Analysis

The IOTA price prediction shows that MIOTA has gained 11.7% in the last 24 hours to touch the daily high of $0.235.

IOTA Prediction Statistics Data:

• IOTA price now – $0.267
• IOTA market cap – $964.6 million
• IOTA circulating supply – 3 billion
• IOTA total supply – 3 billion
• IOTA CoinMarketCap ranking – #58

MIOTA/USD Market

Key Levels:

Resistance levels: $0.320, $0.340, $0.360

Support levels: $0.200, $0.180, $0.160

MIOTA/USD has been exhibiting strength over the last 24 hours amid technical correction from the downward trend. At the moment, the coin is moving to cross above the upper boundary of the channel. Moreover, if the red line of the 9-day MA remains above the green line of the 21-day MA, the IOTA price may create additional gains.

IOTA Price Prediction: MIOTA/USD Finally Making A Bounce

Looking at the daily chart, the IOTA price keeps moving to the north, though, the current price of IOTA at $0.267 is above the 9-day and 21-day moving averages within the channel, the recovery seems to have begun as the bulls increase the buying pressure. The IOTA (MIOTA) needs to continue its up-trending growth in the coming days to recover properly. As per the current trend, the next resistance levels are likely to come at $0.320, $0.340, and $0.360.

On the downside, a sustainable move below the moving averages could open the bearish way to a $0.220 support level and this barrier may likely slow down the bears and then serve as a jumping-off ground for the recovery. Meanwhile, the next support levels could be located at $0.200, $0.180, and $0.160 respectively.

MIOTA/BTC Trades Bullishly

Against Bitcoin, the IOTA price continues to trend bullishly as the resistance further outweighs the support. However, there is a need for an increasing volume and resistance to cause an upsurge in the market which could make the coin cross above the upper boundary of the channel and move toward the resistance level of 800 SAT and above.

However, there’s no sign of a bearish movement in the market at the moment. Therefore, if a bearish move occurs and brings the coin below the 9-day and 21-day moving averages, MIOTA/BTC may hit the nearest support at 500 SAT and below but the 9-day MA is hovering above the 21-day MA to increase the bullish movement.

IOTA Alternatives

The IOTA price is experiencing a bullish trend, trading above the 9-day moving average and reaching $0.282 as the moving averages further bullish momentum. However, there’s potential for the coin to surpass the upper boundary of the channel, making it an important development for traders to monitor. However, the more the bulls pressurized the bears, the higher the coin could reach.

However, the Bitcoin Minetrix is making waves as a fresh and inventive token in contrast to IOTA (MIOTA). While IOTA has a longstanding presence in the crypto market, BTCMTX brings innovation to the table with its decentralized cloud mining platform. This unique feature empowers investors to passively earn BTC mining rewards by staking the token. The presale for BTCMTX has proven to be remarkably successful, currently boasting a raise of nearly $4.7 million in the ongoing presale.

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