IOTA Price Analysis – June 30
In IOTA, the price is moving with an uptrend and the traders could expect an early arrival of a price rally.
Resistance levels: $0.24, $0.26, $0.28
Support levels: $0.20, $0.18, $0.16
IOTA is currently dealing with the bears. The coin has always sought to increase despite the pressure of the market. The crypto market is currently struggling with volatility and it is very likely that the market will come out in the same way soon. The period after this one should be flourishing.
More so, MIOTA continues to hold strong at $0.20 and it’s possible that the more this support is tested, the more it’s likely to break. If IOTA/USD continues to abuse the $0.20 level, the traders can expect the price to break beneath it at some point and the potential support levels of $0.20, $0.18, and $0.16 may be tested.
For now, the price is dancing at $0.219 with the weak bullish momentum supported by the slightly positive technical levels. The resistance levels to watch out for are $0.24, $0.26, and $0.28 as the RSI (14) moves above 50-level.
Against Bitcoin, IOTA has been slowly grinding higher. After bottoming out around the 2211 SAT level, the price began to slowly ascend and is currently trading around 2401 SAT. MIOTA’s price is now contained within the descending channel as we wait for the bulls to hopefully push the market higher as the RSI (14) moves to cross 60-level upward.
Moreover, if the bulls can break out above the upper boundary of the channel, we can expect initial resistance at 2500 SAT. Above this, higher resistance lies at 2600 SAT and above. From below, if the sellers push the market beneath the lower boundary of the channel, we can expect critical support at 2200 SAT and below.