IOTA

Resistance

Daily

<ul class="list-ic vertical">
 <li><span>1</span> <a>The IOTA coin price replicates a lower-low structure and is close to the 20-day EMA mark. </a></li>
 <li><span>2</span> <a>The Bulls are showing their willingness to cross the trendline hurdle. </a></li>
</ul>
<p>The IOTA price trades near the 20-day EMA mark and is showing retracement movements in the past sessions. This week, the token witnessed a rebound from the 100-day EMA mark and is attempting to stretch the pullback to cross the prompt hurdle of $0.3200. Meanwhile, the downward-sloping trendline acted as a major hurdle that has not been breached yet and is still a dream for the bulls.</p>
<p>At press time, the IOTA coin (MIOTA) price was trading at $0.3186 with an intraday gain of 1.24%, reflecting neutrality on the charts. It has a monthly return ratio of -9.09% and 40.65% on a yearly basis. The pair of IOTA/BTC is at 0.00000449 BTC, and the market cap is $873.92 Million. Analysts are neutral and suggest that the IOTA coin may attain momentum and will retest the $0.3500 mark soon.</p>
<h2 class="wp-block-heading" id="strong-iota-price-to-volume-profile-on-daily-charts-strong"><strong>IOTA Price-to-Volume Profile on Daily Charts</strong></h2> <iframe loading="lazy" title="Santiment Chart: Price (IOTA), Volume (IOTA)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=bonk1&amp;pt=BONK&amp;df=2023-10-08T18%3A29%3A59.376Z&amp;dt=2024-04-08T18%3A29%3A59.376Z&amp;sat=shchcfg_PE-XLrA1fJc1&amp;emcg=1&amp;emhwm=1&amp;wm=%5B1%3Bprice_usd%3Biota%3BIOTA%5D%3B%5B1%3Bvolume_usd%3Biota%3BIOTA%5D&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%2C%22node%22%3A%22line%22%7D" scrolling="no"></iframe>
<p>The above chart displays the<a href="https://www.thecoinrepublic.com/2024/04/08/cardano-price-prediction-is-ada-price-awaiting-a-sudden-boom/" target="_blank" rel="noopener noreferrer nofollow"> price</a>-to-volume profile of the IOTA coin, signifying a rebound from the 100-day EMA mark. The bulls are trying to sustain gains near the 20-day EMA to stretch the buying momentum. However, the trend is neutral and the token may retain the upside mark of $0.3500 shortly.</p>
<h2 class="wp-block-heading" id="strong-iota-strong-strong-price-volatility-and-weighted-sentiment-analysis-strong"><strong>IOTA</strong> <strong>Price Volatility and Weighted Sentiment Analysis</strong></h2> <iframe loading="lazy" title="Santiment Chart: Weighted sentiment (Total) (IOTA), Price Volatility 1d (IOTA)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=bonk1&amp;pt=BONK&amp;df=2023-10-08T18%3A29%3A59.376Z&amp;dt=2024-04-08T18%3A29%3A59.376Z&amp;sat=shchcfg_PE-XLrA1fJc1&amp;emcg=1&amp;emhwm=1&amp;wm=%5B1%3Bsentiment_volume_consumed_total%3Biota%3BIOTA%5D%3B%5B1%3Bprice_volatility_1d%3Biota%3BIOTA%5D&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>
<p>Amidst the minimal price movements, the price volatility curve witnessed a sharp spike and experienced a surge of over 45%, noted around 0.67. However, the weighted sentiment value remained close to the midline near 0.011, revealing neutrality on the charts.</p>
<h3 class="wp-block-heading" id="strong-social-dominance-and-social-volume-ai-insights-strong"><strong>Social Dominance and Social Volume AI Insights&nbsp;</strong></h3> <iframe loading="lazy" title="Santiment Chart: Social Dominance (IOTA), Social Volume AI (IOTA)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=bonk1&amp;pt=BONK&amp;df=2023-10-08T18%3A29%3A59.376Z&amp;dt=2024-04-08T18%3A29%3A59.376Z&amp;sat=shchcfg_PE-XLrA1fJc1&amp;emcg=1&amp;emhwm=1&amp;wm=%5B1%3Bsocial_dominance_total%3Biota%3BIOTA%5D%3B%5B1%3Bsocial_volume_ai_total%3Biota%3BIOTA%5D&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B" scrolling="no"></iframe>
<p>The Social Dominance data witnessed a spike over 23.65% to 0.102%, indicating investor interest on social media platforms. Similarly, the social volume AI value noted a jump over 13.89% to 4.8, signifying a positive outlook.</p>
<h3 class="wp-block-heading" id="strong-development-activity-and-contributors-count-outlook-strong"><strong>Development Activity and Contributors’ Count Outlook</strong></h3> <iframe loading="lazy" title="Santiment Chart: Development Activity (IOTA), Dev. Activity Contributors Count (IOTA)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=bonk1&amp;pt=BONK&amp;df=2023-10-08T18%3A29%3A59.376Z&amp;dt=2024-04-08T18%3A29%3A59.376Z&amp;sat=shchcfg_PE-XLrA1fJc1&amp;emcg=1&amp;emhwm=1&amp;wm=%5B1%3Bdev_activity%3Biota%3BIOTA%5D%3B%5B1%3Bdev_activity_contributors_count%3Biota%3BIOTA%5D&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22transform%22%3A%7B%22type%22%3A%22moving_average%22%2C%22movingAverageBase%22%3A42%7D%2C%22interval%22%3A%221d%22%7D%3B" scrolling="no"></iframe>
<p>Per the Santiment data, the development activity data noted a consistent decline and slipped by 24% to 166. Similarly, the development contributions’ count value declined steeply and dropped to 1 mark.</p>
<p>Per the Fib levels, the IOTA price trades above the 23.6% zone, and a notable surge of over 12% was recorded this week. The RSI curve showcased a positive crossover and stayed near the midline at around 48.</p>
<p>The total supply of the IOTA coin is 2.78 billion, whereas the volume-to-market cap ratio is 0.0233. It ranks 118 in terms of market cap in the global crypto market.</p>
<h3 class="wp-block-heading" id="strong-summary-strong"><strong>Summary</strong></h3>
<p>The IOTA coin price signifies a neutral trend, and technicals suggest a bullish trend ahead. Buyers are trying to breach the trendline barrier of $0.3400 to attain buying momentum. If bulls succeed in their mission, the coin may reach $0.3800 soon.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p><strong>Support Levels:</strong> $0.3000 and $0.2800</p>
<p><strong>Resistance Levels:</strong> $0.3280 and $0.3500</p>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.&nbsp;</p>

IOTA Price Near Trendline Hurdle: Will Bulls Succeed to Cross?

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