IOTA Crypto Price News Today: Will It Transform IoT and Rise? MIOTA Price Prediction
IOTA Crypto Price News Today: Is It a Good long term Investment in 2022? and How Does it Rank on Long-Term Trading Metrics?
IOTA receives an average long-term technical score of 63 from InvestorsObserver‘s research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the coin’s support and resistance levels, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity.
MIOTA currently holds a superior long-term technical analysis score than 63% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. coins with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to ‘buy the dip’.
Trading Analysis
MIOTA is currently -$0.4200000 (-33.38%) below its 100-day moving average price of $1.250000000 with its current price of $0.840000000. Meanwhile, IOTA is $0.4600000 (-2681.42%) above its 52-week low price of $0.380000000 and -$1.85000000 (-341.93%) below its 52-week high of $2.680000000. The current price relative to its moving average and 52-week high and low leads to an average long-term technical score of 63. Trends for the long-term trading history of IOTA suggest that traders are currently neutral on the coin.
IOTA has a market capitalization of $2,320,930,630.91 and a relatively high average daily volume with $218,630,799.21 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, MIOTA’s volume is below its seven day average with 33,337,345.97 exchanged.
This coin’s subclass Digital Money: Digital Money is an asset, commodity, or currency intended to maintain value and liquidity over time so that it may be used the same way fiat currencies are used.
Summary
Technical analysis of IOTA over the past year results in the crypto receiving a an average long-term technical score of 63 as its price movement in that time has given traders reason to be neutral on the coin in the long-term.
