IOTA price moves towards $0.160

IOTA price moves towards

The IOTA price line headed across the $0.1580 mark after it saw bulls in the second quarter of the 16th of April. The cryptocurrency had fallen below the $0.1440 mark after the bears came into play on the 15th of April.

1-Day IOTA Price Analysis (16th April)

IOTA Price Chart

IOTA Price Chart by TradingView

IOTA fell below the $0.1440 level right after it stepped onto the chart for the 16th of April. The cryptocurrency saw a day’s low of $0.14261990 US Dollars. The cryptocurrency gradually moved across the $0.1460 level until after 07:00 GMT, when IOTA experienced a bullish momentum and the coin’s price shot up across the $0.1560 mark, followed by the $0.1580 level. The cryptocurrency retreated to the $0.1560 level shortly after which it continued to incline towards the $0.1600 level until the end of the day. The cryptocurrency closed the day with a trading value of $0.15921271 US Dollars.

IOTA: technical indicators

IOTA Featured Price Chart

IOTA Price Chart by TradingView

The 20-Day Exponential Moving Average (EMA) closed at $0.15879878, while the 50-Day Moving Average (MA) closed below the 20EMA, at $0.15877466.

The Relative Strength Index (RSI) moved across the level 80.00, at 07:00 GMT. The RSI saw a high of 88.03, which means that the coin was overbought at that time. The RSI closed at 57.15.

Featured Image by janjf93.

Disclaimer: The information provided is not trading advice but an informative analysis of the price movement. Cryptopolitan holds no liability towards any investments based on the information provided on this page.

Aroosa Nadeem

Aroosa Nadeem

A media graduate and passionate media person Aroosa has a knack for digital media journalism and outreach. She has contributed content to different digital media publishers in a variety of areas including technology, health and finance.

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