IOTA Price Prediction 2021 – Will MIOTA Hit $2 Soon?

The IOTA coin was created in 2015 and is the only cryptocurrency that uses a public distributed ledger called “Tangle” instead of a blockchain. This open source technology has been gaining traction since its inception, with many companies adopting it for their own purposes.

IOTA is a cryptocurrency that has been making waves in the market. It was created by David Sonstebo and Sergey Ivancheglo as a way to create a new decentralized payment system. The price of MIOTA is predicted to hit $2 soon. Read more in detail here: iota price prediction 2025.

  • The range of bullish MIOTA price predictions is $0.99 to $1.71.
  • The price of MIOTA may potentially hit $2.
  • The negative market price forecast for MIOTA in 2021 is $0.24.

We utilize data, price trends, ADX, and other information about MIOTA to evaluate the cryptocurrency’s future movement in MIOTA price forecast 2021. 

IOTA (MIOTA) is a distributed ledger that differs from blockchains in just one way: it is not a blockchain. Tangle, a system of nodes that confirm transactions, is the company’s unique technology. Furthermore, the project’s foundation claims that it offers much faster rates than traditional blockchains. Furthermore, it has the perfect footprint for the ever-expanding Internet of Things environment.

IOTA’s Current Market Situation (MIOTA)

At the time of writing, the price of MIOTA was $0.673 with a 24-hour trading volume of $36,203,649, according to Coingecko. MIOTA, on the other hand, has gained 5.01 percent in the past 24 hours.

MIOTA also has a circulating supply of 2.78 billion MIOTA. MIOTA is currently traded on Binance, OKEx, FTX, Huobi Global, and Upbit, among other cryptocurrency exchanges.

Price Prediction for IOTA (MIOTA) in 2021

IOTA (MIOTA) is currently ranked 51st on CoinGecko. The price of MIOTA in 2021 is forecasted using a daily time period, as shown below. 

A falling wedge pattern is a bullish pattern that starts out broad at the top and narrows as prices fall. When the stock price has been dropping for a while, a falling wedge pattern is formed by two converging trend lines. A reversal pattern is formed when a falling wedge occurs amid a downward change in market momentum.

MIOTA is now trading at $0.67. After then, depending on the direction of the breakout, MIOTA may continue to decline or climb. With this trend, MIOTA may soon hit the $2.42 resistance level. If the trend continues, the price of MIOTA may drop below $0.55.

Support and Resistance Levels for IOTA (MIOTA)

The chart below depicts IOTA’s support and resistance levels (MIOTA). 

Support and Resistance Levels in MIOTA/USDT (Source: Trading view)

According to the aforementioned chart, the resistance and support levels for MIOTA are as follows.

  • $0.99 is the first level of resistance.
  • $1.20 is the second level of resistance.
  • $1.71 is the third level of resistance.
  • Level 1 Support – $0.50
  • Level 2 Support – $0.37
  • Level 3 Support – $0.24

The graph depicts MIOTA’s negative performance over the past month. This momentum, however, may shortly hit a resistance level around $1.71. MIOTA, on the other hand, may fall below $0.24 if the trend reverses, indicating a negative warning.

Average Directional Index of IOTA (MIOTA) (ADX)

Now let’s have a look at MIOTA’s ADVANCED DIRECTIONAL INDEX (ADX). The ADX, in particular, aids traders in assessing the strength of a trend as opposed to its direction. It may also be used to see whether the market is shifting or if a new trend is forming. However, it is connected to the Directional Movement Index (DMI).

The oscillator also has a range of 0 to 100. Furthermore, a high number indicates a strong trend, while a low value indicates a weak trend. It’s also often used in conjunction with directional indicators.

The ADX of MIOTA is seen in the chart above, with a range of 33, indicating a strong trend.

Conclusion

MIOTA is a cryptocurrency that is ideal for long-term investment. Furthermore, until the breakout direction is verified, MIOTA price forecast will remain bearish or bullish. This year, though, it has a strong probability of reaching its all-time high (ATH) of $5.25. This, however, will only happen if a number of prior psychological obstacles are overcome.

Furthermore, with the improvements and updates to the MIOTA ecosystem, MIOTA’s performance is expected to increase to $1.71 in the near future. However, if investors think MIOTA is a solid investment in 2021, it might reach $2.

Disclaimer: The views stated in this graph are entirely those of the author. It should not be construed as investment advice. Before investing, TheNewsCrypto staff advises everyone to conduct their own research.

You’ve been recommended

The iota price prediction 2021 reddit is a question that the community has been asking for a while now. Reddit user, Iota_coin posted a comment with their predictions.

Frequently Asked Questions

Is IOTA a good investment in 2021?

IOTA is a cryptocurrency which uses the Tangle technology. This means that IOTA has no blocks and transactions are verified by consensus instead of miners. Its also not controlled by any one entity, so its not subject to government manipulation.

What will IOTA be worth in 2025?

IOTA will be worth around $0.01 in 2025.

Is IOTA coming to Coinbase?

IOTA is not currently available on Coinbase.

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