#IOTA (MIOTA) Hovers Below $0.3000; Will Bulls Attain a Bounce?
* 1 The IOTA crypto price signifies tiny candlesticks, signifying low investor interest.
* 2 IOTA token witnessed low trading volume, which impacted the investors.
The IOTA price was in a correction phase and did not showcase any significant bounce for the past sessions. The price action signified the low trading volume and did not reflect any considerable buying activity, indicating lower investor interest. Moreover, the token must cross the upside of $0.3000 for a fresh bull rally toward $0.5000.
IOTA token price has sustained gains above the 20-day EMA region and is displaying neutrality on the charts. Per the Fib retracement levels, the token has sustained gains above the 23.6% zone and has not succeeded in escaping the 38.2% zone for the past weeks.
The IOTA token (MIOTA) price was $0.2658 at press time, with an intraday drop of 5.02%, reflecting neutrality on the charts. Moreover, the trading volume increased by 2.46% to $19.14 Million. The pair of IOTA/BTC is at 0.00000513 BTC, and the market cap is $597.89 Million. Analysts are neutral and suggest that the token may continue to face lower investor interest and did not see any vast upside for the following sessions.
Summary
The IOTA token price stayed in the bearish region and displayed range-bound moves reflecting low trading volume. Moreover, the price action signifies rejection from the highs of $0.3000, reflecting the sellers’ dominance. If the token succeeds in crossing the 100-day EMA mark, fresh buying action may be seen.
Note🚨: this is not a financial advice, DYOR
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