IOTA Price Analysis – October 10
In IOTA, the price is moving with an uptrend and the traders could expect an early arrival of a price rally.
IOTA/USD Market
Key Levels:
Resistance levels: $1.80, $1.90, $2.00
Support levels: $1.00, $0.90, $0.80
IOTA/USD is currently dealing with the bulls. 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.
IOTA Price Analysis: MIOTA Could Gain More Upwards
At the time of writing, MIOTA price continues to hold strong at $1.40 and it’s possible that the more the $1.30 support is tested, the more it’s likely to break to the downside. However, if IOTA/USD continues to abuse the $1.30 level, the traders can expect the price to break beneath it at some point and the critical support levels of $1.80, $1.90, and $2.00 may be tested.
For now, the price is hovering around $1.42 with the weak bullish momentum supported by the slightly positive technical levels. The resistance levels could be found at $1.00, $0.90, and $0.80 as the technical indicator Relative Strength Index (14) may cross above 60-level to increase the bullish movement.
IOTA/BTC Market: IOTA Price May Breakout to the Upside
When compares with Bitcoin, IOTA has been slowly grinding higher. After bottoming out around the 2501 SAT level, the price touches the daily high of 2765 SAT but now retreating below the 9-day moving average. MIOTA’s price is now contained within the channel as traders wait for the bulls to hopefully push the market higher while the technical indicator Relative Strength index (14) keeps moving above 40-level.
Moreover, if the bulls can break out above the 9-day moving averages, traders can expect initial resistance at 2800 SAT. Above this, higher resistance could be located at 3000 SAT and above. From below, if the sellers bring the market beneath the lower boundary of the channel, we can expect critical support at 2100 SAT and below.
