IOTA (MIOTA) is an open-source blockchain network that facilitates the secure and speedy exchange of data and value at zero cost. It is based on IoT (Internet-of-Things) and helps organizations in developing cutting-edge technology innovations. It follows a citizen-centric governance approach and MIOTA is its native token. Past Performance On March 16, 2021, IOTA opened at $1.28. As of March 22, 2021, IOTA closed at $1.48. Thus, in the past week, the IOTA price has surged by approximately 16%. In the past 24 hours, IOTA has traded between $1.46 – $1.69. https://ift.tt/397bSui Day-Ahead and Tomorrow Currently, IOTA is trading at $1.63. It has risen from the opening price of $1.48. Thus, the market looks bullish. The MACD and signal lines are in the negative region. Thus, the overall market momentum is currently bearish. However, a bullish crossover by the MACD line over the signal line is indicative of a price rise. Thus, we can expect an intermittent price pullback post which the price may resume its upward journey. The RSI is presently at 51%. It has just rallied from the 30% mark or the ‘oversold’ region. Thus, buying pressures are gradually mounting. Hence, we can expect the price to rise further. It is also a good time for day traders to go long. The A/D line is upward sloping. Thus, whale accumulations are higher than whale distributions. High buying activity will lead to further increases in the IOTA price. MIOTA Price Analysis At present, the price has fallen from the first Fibonacci pivot resistance level of $1.63. It may fall up to the Fibonacci pivot point of $1.54 before resuming its upward movement. The price has tested and fallen below the 23.6% FIB retracement level of $1.63. The price may test and fall below the 38.2% FIB retracement level of $1.60, before rising again. If it fails to retest and break out of these levels by day close, then probably a price downtrend has set it. In that case, the IOTA price may continue to fall tomorrow as well.
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