Iota market overview: IOT/USD struggles to re-enter $0.30 zone, gets thwarted by $0.283 resistance level

  • IOT/USD MACD indicator shows sluggish market momentum.
  • The daily market has found support on the SMA 20 curve.

IOT/USD has gone down from $0.277 to $0.274 so far today. This Tuesday, the price went up to $0.283, where it encountered resistance and eventually dropped down. The hourly breakdown shows us that the price fell to $0.271, where it found short-term support and went up to $0.277 to close out Tuesday. Since then, the market experienced four straight bearish hours to drop down to $0.274. The market has found support on the 20-day Simple Moving Average (SMA 20) curve.

IOT/USD daily chart


IOT/USD is trending above the SMA 20 and SMA 50 curves. The 20-day Bollinger jaw has narrowed, indicating decreasing market volatility. The Moving Average Convergence/Divergence (MACD) indicator shows that the market is going through sluggish momentum. The Elliott Oscillator has had a bearish session, while the Relative Strength Index (RSI) indicator is trending around the neutral zone.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

Bitcoin (BTC) bulls surrender $8,000, move towards $7,800

Bitcoin (BTC) bulls attempted a recovery but failed to hold the ground above $8,000. A strong sell-off during early Asian hours took the price below the pivotal handle towards the intraday low of $7,869.

More Bitcoin News

NEO price analysis: NEO/USD locked in a range amid growing bearish pressure

NEO, currently the 22nd largest coin with the total market value of $500 million, has gained about 1.2% in recent 24 hours to trade at $7.0 at the time of writing. Since the beginning of Friday, NEO/USD has lost 2.3%. 

More NEO News

Ethereum price update: ETH/USD makes a quick return to $170

Ethereum bears are making a quick return to $170 after the bullish action staged on Thursday failed to successfully target $180 resistance level. It is likely that the crypto market will usher in the weekend sessions in losses. As for Ethereum, the price is teetering at $173.73 amid a strengthening bearish momentum.

More Ethereum News

Litecoin market update: LTC/USD gazes into a bottomless pit

The cryptocurrency market suddenly turned bearish on Friday. Although the Asian session was characterized by intense pressure on support areas, most of the damage has been made during the current European session.

More Litecoin News


Bitcoin Weekly Forecast: Nothing to crow about

Bitcoin (BTC) attempted a recovery above $8,400 and resumed the decline into the end of the week.

Read the weekly forecast