But as often happens after a long period of range trading, an asset is ready to pick a trend.
As a matter of fact, MIOTA was trading in a very narrow range between $0.19 to $0.51 for two years from January 2019 until January 2021. Looking ahead, IOTA is forecasted by some analysts in the crypto world to continue its upward trend that started in January, after a long period of range trading. IOTA 1-Day chart 2021Ħ7% of retail investor accounts lose money when trading CFDs with this provider. Thus, our 1-3 months IOTA price prediction shows that the next Fibonacci resistance level is somewhere around $1.2153-$1.5050. As you can see in the chart below, IOTA was hovering around the 0.8028 (0.786 Fibonacci level) for several weeks as a support level, but as soon as the coin bounced back up, IOTA has managed to stabilize above this level. Our IOTA price prediction is based on technical and fundamental analysis as well as on analysts’ market predictions.įirst, our IOTA technical analysis shows a bullish setup based on the recent break above 0.8028. IOTA Price Prediction 2021īefore we continue to analyze the technical aspects of the IOTA project and its coin historical price performance, it’s best to first find out what’s the prediction for IOTA price for 2021 and beyond. We’ll also help you get the necessary information to determine whether it is the right time to buy or short sell IOTA and suggest the best online trading platforms that support IOTA coin. So, in this IOTA price prediction, we’ll take a closer at IOTA price history performance and include IOTA forecast for 2021 and beyond.
But, as we already know, the crypto market is another story, and IOTA dropped around 65% due to the crypto mini-crash that started in May.Still, IOTA has the potential to rise again in value in the short and long term. The coin of IOTA, which is known as one of the most effective projects in the cryptocurrency market, was trading in April at $2.54, nearly 800% return from the start of the year. Since the beginning of the year, IOTA has been rising and falling along with other popular cryptocurrencies and the crypto market in general.
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