IOTA is Predicted to Reach $0.292979 By Dec 17, 2023

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

• IOTA is down -3.95% today against the US Dollar
• MIOTA/BTC decreased by -3.84% today
• MIOTA/ETH decreased by -2.35% today
• IOTA is currently trading 10.91% below our prediction on Dec 17, 2023
• IOTA gained 31.35% in the last month and is up 29.99% since 1 year ago

MIOTA price is expected to rise by 10.85% in the next 5 days according to our IOTA price prediction

IOTA price today is trading at $ 0.261001 after losing -3.95% in the last 24 hours. The coin underperformed the cryptocurrency market, as the total crypto market cap decreased by -3.30% in the same time period. MIOTA performed poorly against BTC today and recorded a -3.84% loss against the world’s largest cryptocurrency.

According to our IOTA price prediction, MIOTA is expected to reach a price of $ 0.292979 by Dec 17, 2023. This would represent a 10.85% price increase for MIOTA in the next 5 days.

MIOTA Price Prediction Chart

Buy/Sell IOTA

What has been going on with IOTA in the last 30 days

IOTA has been displaying a positive trend recently, as the coin gained 31.35% in the last 30-days. The medium-term trend for IOTA has been bullish, with MIOTA increasing by 54.84% in the last 3 months. The long-term picture for IOTA has been positive, as MIOTA is currently displaying a 29.99% 1-year price change. On this day last year, MIOTA was trading at $ 0.200785.

IOTA reached its all-time high price on Dec 06, 2017, when the price of MIOTA peaked at $ 5.54. The current MIOTA cycle high is $ 2.68, while the cycle low is at $ 0.077481. MIOTA has been displaying high volatility recently – the 1-month volatility of the coin is at 24.30. IOTA recorded 15 green days in the last 30 days.

IOTA technical analysis for today – Dec 12, 2023

The sentiment in the IOTA markets is currently Bearish, and the Fear & Greed index is reading Greed. The most important support levels to watch are $ 0.255127, $ 0.237404 and $ 0.220156, while $ 0.290098, $ 0.307346 and $ 0.325069 are the key resistance levels.

Bearish sentiment for IOTA

12 indicators are currently signaling a bullish prediction for IOTA, while 17 indicators are showing a bearish forecast. With 59% of indicators favoring a negative prediction. This results in an overall Bearish sentiment for IOTA.

Crypto market is currently experiencing Greed

Currently, the Fear & Greed index is at 67 (Greed), which signals that investors have a positive outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

IOTA moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how IOTA is positioned in the market right now.

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for IOTA is at 58.58, suggesting that MIOTA is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of IOTA over the last 50 days. Currently, IOTA is trading below the SMA 50 trendline, which is a bearish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the MIOTA closing price for the last 200 days. MIOTA is now trading below the SMA 200, signaling that the market is currently bearish.

The bottom line about this IOTA prediction

After considering the above factors, we can conclude that the current forecast for IOTA price prediction is Bearish. MIOTA would have to increase by 10.85% to hit our $ 0.292979 target within the next five days. Moving forward, it will be important to monitor the MIOTA market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term IOTA price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.