您现在的位置是:IOTA (MIOTA) is 61% down from this year’s all >>正文
IOTA (MIOTA) is 61% down from this year’s all
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛8667人已围观
简介IOTA (MIOTA) has in recent weeks remained one of the strugglers in the crypto market. The coin is in...
IOTA (MIOTA) has in recent weeks remained one of the strugglers in the crypto market. The coin is in fact 61% lower than its all-time highs this year. Overall market cap is also sliding. At the time of publishing this post, IOTA (MIOTA) was trading at $1.04, a nearly 5.4% intraday drop and one of the lowest we have seen since October. So, is it time to buy the dip? Here are some facts first:
IOTA (MIOTA) has swung between $1.17 and $1.66 in recent days, suggesting a bit of consolidation
Despite this, crucial EMAs point towards a bearish alignment in the near term.
Bears are targeting a key resistance of $0.85, but this could all change if IOTA (MIOTA) breaks above $1.2
Data Source: Tradingview.com
IOTA (MIOTA) – price action and analysis
Based on what we have seen so far, it’s safe to conclude that overall sentiment around IOTA (MIOTA) is bearish at best. Right now, the two-month upward resistance is around $1.18. Any upside breakout will need to overcome this. The coin has also seen wild swings in prices.
For instance. after hitting a two-month high of $1.66 in late November, IOTA (MIOTA) retreated almost instantly, losing nearly 38% in less than 3 weeks. Although much of this can be attributed to the wider sell-off in crypto, there is still a lot of bear pressure on the coin.
Is it the right time to buy into the IOTA (MIOTA) dip?
Well, not right now. In case you are thinking of holding IOTA (MIOTA) for short-term speculative trades, then that could work since we expect a lot of volatility around the coin before the year is out. But with the bear pressure and the trend pointing downwards, there is still a lot of downside risk to get into IOTA (MIOTA) in the long haul now.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/353248.html
相关文章
New AI technique could soon be used to triage wounded in Ukraine
IOTA (MIOTA) is 61% down from this year’s allBy subscribing, you agree to our Terms of Use and Policies You may unsubscribe at any time.Researche...
阅读更多
Scientists develop water treatment solution for eradicating forever chemicals
IOTA (MIOTA) is 61% down from this year’s allBy subscribing, you agree to our Terms of Use and Policies You may unsubscribe at any time.The Unive...
阅读更多
Square Develops A Crypto Patent Alliance For Innovation
IOTA (MIOTA) is 61% down from this year’s allThe consortium will pool patents and standardise access to blockchain technologies to improve innova...
阅读更多
热门文章
最新文章
Engineers solve short
Total value locked in DeFi protocols drops nearly $1 billion
Chinese Bring Charges To Perpetrators Of PlusToken Scam
Project GW: China to thwart Starlink influence with '13,000' satellites
UMA Protocol price up 13% as bulls aim at $18 high on Coinbase Pro trading launch
Tezos Foundation Paying $25M To Settle Three Year Lawsuit