After the rise in the price of IOTA (MIOTA), it is seen that the $ 0.86 resistance is broken. Continuing to rise could cause the price to test the $1 resistance.

The bears' pressure on the market may cause the price to decline to the $0.8628 level. The continuation of selling pressures may result in the price falling to the $0.8249-0.8159 range. Price movements under this region may cause the altcoin to be traded at $ 0.7819 again.

The upward trend of the price in the current region may result in a retest of the $0.9344 resistance. Staying above this zone may result in the price trading at $0.9813 again. Bulls suppressing the market could lead the altcoin to rise as high as $1.0356-1.0479.

In line with the reaction from the rising trend on the hourly chart of the altcoin, the price surpassed the 0.80 resistance. In order to continue its rise, the 0.90 resistance must be overcome.

IOTAUSDT_2022-03-28_19-22-04

Short-Term Price Targets

Against the downside price movements, the first support is located at $0.8819. Price movements under this zone may cause the altcoin to test the $0.8650-0.8594 range again. With the bears suppressing the market, the decline may continue until the $0.8196-0.8168 range.

The increase in buying in the current region will cause the price to test the 0.9020 resistance again. Price movements over this region may result in the altcoin rising to the level of $ 0.9470.