IOTA price prediction for today, December 29 – MIOTA technical analysis

According to the daily chart, IOTA price prediction shows that MIOTA is likely to break above its moving average.

IOTA prediction statistical data:

• Current IOTA price – $0.296
• IOTA market cap – $904.8 million
• IOTA Circulating Supply – 3 billion
• IOTA total supply – 4.6 billion
• IOTA Coin Market Cap Ranking – 76th

MIOTA/USD Market

Main level:

Resistance levels: $0.380, $0.400, $0.420

Support levels: $0.200, $0.180, $0.160

MIOTA/USD is hovering above its 9- and 21-day moving averages at the time of this writing. In the past few hours, IOTA price has started to rise as the coin prepares for an uptick. However, there is a high possibility that the 9-day moving average will exceed the 21-day moving average, confirming a slight bullish movement in the market.

IOTA Price Prediction: MIOTA Price May Rise

As can be seen from the daily chart, IOTA price is currently trading above the 9-day moving average and above the 21-day moving average. If the coin continues its bullish movement, the bulls may head towards the upper boundary of the channel. Resistance levels are $0.380, $0.400, and $0.420.

Conversely, if the coin slips below the lower boundary of the channel, the coin may return to the support levels of $0.200, $0.180, and $0.160, respectively. Meanwhile, long-term buyers won’t have to worry about its minor impact on the road, as MIOTA’s future is assured, as evidenced by its 9-day moving average.

MIOTA/BTC heads north

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

Meanwhile, weakness below the moving average could push the coin below the lower border of the channel, which could find support below 500 SAT, but a break above the bullish trend could push the coin to reach new highs.

Alternatives to IOTA

Currently, IOTA price has surged 4.99% to reach the current level of $0.296, indicating a significant bullish trend for the coin. In the near term, MIOTA/USD may face the next resistance at the $0.800 level. The bullish momentum is expected to continue as the market price attempts to exceed the channel ceiling.

However, Bitcoin Minetrix (BTCMTX) is attracting attention as a new token, unlike existing coins such as IOTA, which has a market capitalization of $904.8 million. BTCMTX stands out as a decentralized cloud mining platform that allows investors to passively earn BTC rewards through token staking. The current BTCMTX presale has been very successful, raising close to $6.7 million.

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