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IOTA Price Prediction: Long-term (MIOTA) Value Forecast – May 25

  • The long-term outlook is in a bearish trend.
  • A retest at the 50-EMA is imminent.

IOTA/USD Long-term Trend -Bearish

Supply zone: $0.6000, $0.7000, $0.8000
Demand zone: $0.1000 $0.0800, $0.0600

IOTA long-term outlook is in a bearish trend. The bullish pressure on price was sustained at the opening of the week with a push to $0.4795 in the supply area. This was higher than the previous week high at $0.4677 on 16th May. The close of the daily candle with a long wick implied bullish exhaustion hence the failure of the cryptocurrency making a new high in the week.

IOTA dropped initially to $0.3753 on 22nd May breaking the 10-EMA and later to $0.3591 in the demand area on 23rd May.

The stochastic oscillator signal points down at 53% while price back down at $0.3756 below the 10-EMA after a minor push to $0.4124 in the supply area by the bulls.

$0.3600 in the demand area is the bears’ initial target and $0.3300 as second take profit as the bears’ pressure becomes stronger and more candles opened below the 10-EMA in the days ahead.

The views and opinions expressed here do not reflect that of and do not constitute financial advice. Always do your own research.

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Bitcoin Market Price Chart in RealTime

Source: BEG


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