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IOTA {MIOTA} price analysis for today; Dominik Schiener gets interviewed by Hope King on Cheddar News

Bitcoin

IOTA is ranked at #17 ahead of Dash in the market. The trading volume recorded is $10.248 million, whereas the supply has 2.779 billion MIOTA coins in play as part of the circulation. The total market cap of IOTA amounts to $754.667 million. The price dipped at a rate of 1.37% in the course of the past 24-hours; this resulted in MIOTA sinking all the way down to $0.271509 where it presently rests.

According to the candlestick chart connected to the IOT/USD pair on tradingview [based on data obtained from the Bitfinex Exchange], $MIOTA is still consolidating in the market. The daily RSI [for 14 periods] is at 51.28 and is on the verge of a decline, which points to IOTA being part of the neutral zone. The final peak tied to the Awesome Oscillator bears the brown shade, which indicates the possibility of a trend change i.e. the arrival of bearish momentum that might impact the performance of this altcoin later in the future.

Key support can be found near the $0.2511 level, while resistance may play a role if IOTA can afford to surge towards the $0.294 mark. The MACD line is about to intersect with the signal line, which may bring about a histogram reversal and a subsequent color change [from green to red]. The Ichimoku Cloud is scheduled to turn green in the aftermath of 12th October, which is an indication of bullish action.

Disclaimer - OBN is an informational website which aims to give the latest blockchain related news to the readers. Articles on OBN should not be considered as investment advice. Trading cryptocurrencies is a high-risk investment, every user is advised to consult an expert before making any decisions.