IOTA Price Prediction as $10 Million Trading Volume Comes In – Are Whales Buying?

0 0

IOTA’s price landscape is becoming increasingly intriguing. As of today, IOTA stands at $0.162407, marking a modest increase of 0.63% within the past 24 hours. 

With a significant trading volume of $14,380,606, speculations about potential whale investments are rife.

CoinMarketCap ranks IOTA at #71, and with a consistent circulating and maximum supply of 2,779,530,283 MIOTA coins, its current market capitalization rests at a substantial $451,413,888. 

The pressing question on everyone’s mind is, with the influx of this $10 million trading volume, are the big players making their move on IOTA?

IOTA Price Prediction

Examining IOTA’s technical landscape reveals a surge of bullish momentum, following a strong support foundation around the $0.1325 mark. 

As evidenced by the daily timeframe, the coin has successfully surpassed the 38.2% Fibonacci retracement level, previously a significant barrier at the $0.1570 mark. 

Currently, it’s advancing towards the 50% Fibonacci retracement threshold, positioned at approximately $0.1649. 

Concurrently, a bullish, engulfing candlestick pattern has manifested, bolstering the prospects of an ongoing bullish trend. 

Noteworthy technical indicators, such as the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD), remain in the buying zone.

This suggests that investors may continue to favor purchasing IOTA. Consequently, the immediate strategy should focus on the $0.1646 marker. 

A bullish breach here could potentially target the 61.8% Fibonacci retracement level at around $0.1725. Beyond this, the $0.1845 level might present a significant resistance for the coin. 

Conversely, if IOTA struggles to eclipse the $0.1646 level, it could retract to primary support levels – either to $0.1679 or even further down to the foundational $0.1325 mark.

While IOTA’s trajectory remains in focus, there are other assets in the crypto space that also merit attention.

Alternative Coin Worth Considering

Navigating the intricacies of the Web3 realm can often deter users due to its inherent complexity, leading to overpriced and inadequate solutions. 

However, Launchpad XYZ is stepping up to shift the paradigm with its all-encompassing application, tailored to demystify Web3 processes for users.

It manages the intricate technical aspects effortlessly, ensuring a smoother entrance for newcomers.

Adhering to the mantra “Simplicity over technicality,” Launchpad XYZ resonates with users looking for straightforward access to Web3. 

This methodology could be a driving force in rapidly growing the platform’s user count, positioning LPX as a top coin investment currently.

Launchpad XYZ is currently offering an enticing 19% bonus for potential investors. 

With just 4 days and 14 hours remaining for this offer, they’ve already amassed $1.5 million.

The value of one LPX coin is set at 0.0445 $USDT. For more details or to capitalize on this opportunity, visit Launchpad XYZ.

Visit Launchpad XYZ Here

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

Read the full article here

Leave A Reply

Your email address will not be published.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy