IOTA Price Prediction for Today, December 29 – MIOTA Technical Analysis

According to the daily chart, the IOTA price prediction shows that MIOTA is likely to cross above the moving averages.

IOTA Prediction Statistics Data:

• IOTA price now – $0.296
• IOTA market cap – $904.8 million
• IOTA circulating supply – 3.0 billion
• IOTA total supply – 4.6 billion
• IOTA Coinmarketcap ranking – #76

MIOTA/USD Market

Key Levels:

Resistance levels: $0.380, $0.400, $0.420

Support levels: $0.200, $0.180, $0.160

MIOTA/USD is hovering above the 9-day and 21-day moving averages at the time of writing. In the last few hours, the IOTA price begins to move upward as the coin prepares for the upside. However, the 9-day MA is likely to cross above the 21-day MA, confirming the slight bullish movement in the market.

IOTA Price Prediction: MIOTA Price May Move to the Upside

As the daily chart reveals, the IOTA price is currently exchanging hands above the 9-day and 21-day moving averages, if the coin continues with the bullish movement, the bulls may head toward the upper boundary of the channel where it could hit the resistance levels of $0.380, $0.400, and $0.420.

On the contrary, if the coin slides below the lower boundary of the channel, it could return the coin to the support levels of $0.200, $0.180, and $0.160 respectively. Meanwhile, long-term buyers should not be bothered by the small impact on the road, as the future of MIOTA is assured as revealed by the 9-day moving average.

MIOTA/BTC Heads to the North

Against Bitcoin, the IOTA price is hovering above the 9-day and 21-day moving averages. The bulls may need to increase the buying pressure for the coin to reach the nearest resistance level of 800 SAT. However, a possible cross above the upper boundary of the channel may located at the resistance level of 900 SAT and above.

Meanwhile, any bearish movement below the moving averages could bring the coin below the lower boundary of the channel which may locate the support at 500 SAT and below, but breaking to the upside may take the coin to a new high.

Alternatives to IOTA

Currently, the IOTA price has surged by 4.99%, reaching its present level of $0.296, indicating a significant bullish trend for the coin. In the short term, MIOTA/USD might encounter its next resistance at the $0.800 level. As the market price strives to surpass the channel’s upper boundary, the bullish momentum is expected to persist.

However, Bitcoin Minetrix (BTCMTX) is gaining traction as a novel token in contrast to established coins like IOTA, which has a market cap of $904.8 million. BTCMTX stands out with its decentralized cloud mining platform, allowing investors to passively earn BTC rewards through token staking. Currently, the BTCMTX presale is highly successful, raising close to $6.7 million.