Iota market cap12/30/2023 ![]() The signal line and the MACD line are on the verge of crossing adversely. Technical indicators point to a slowing of the MIOTA currency drop. According to this projection, MIOTA bulls must stockpile more of themselves in order to avoid falling victim to any sort of bearish trap. Given that MIOTA is currently facing a dire make-or-break situation, bulls must hold onto their position at the present level. However, bears can attempt to stop the current trend and look for a reversal. The price of the MIOTA currency must remain where it is trading in order to initiate a breakout from the descending triangle formation. To avoid further collapse, the token needs to reverse the downward trend on the daily price chart. Over the daily price chart, the IOTA price has been falling through a descending triangle pattern. The MIOTA currency’s negative momentum can be seen on MACD. The RSI is getting close to the oversold territory at 40. The relative strength index shows how much MIOTA has decreased. On the daily price chart, the token initially suffered a big loss, but as of right now, it is trading in the direction of its breakout and the start of its recovery phase. The price of M IOTA has been fluctuating inside a descending triangle trend since April 2022. The volume to market cap ratio is 0.01502. This shows that bears are attempting to retreat so that IOTA can exit the descending triangle pattern. However, during the intraday trading session, trading volume decreased by 7.7%. IOTA currently has a market value of $0.258 and has lost 0.27% of that value over the past day. MIOTA investors must wait until the token breaks out of its downward trend and bulls maintain their positions. The pair of MIOTA/BTC is at 0.00001354 BTC with an intraday gain of 0.80%.MIOTA crypto is trading below the 20, 50, 100, and 200-day Daily Moving Average.IOTA price has been consolidating inside the descending triangle pattern over the daily price chart.
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