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IOTA price sees bears towards $0.1620

IOTA price sees bears towards

On the 7th of April, IOTA price rose across the $0.1760 mark before it fell below the $0.1620 closer to the end of the day. For its day’s trade, IOTA remained between the $0.1600 and $0.1780 levels.

1-Day IOTA Price Analysis (7th April)

IOTA Price Chart

IOTA Price Chart by TradingView

IOTA moved across the $0.1740 level while it stepped onto the uptrend caused by the bullish momentum that it saw after 03:00 GMT. The cryptocurrency rested at the $0.1660 mark when it started the day’s trek. The altcoin rose to a day’s high of $0.17626198 US Dollars after midday on the 7th of April. The coin fell below the $0.1680 mark, before it rose across the $0.1740 level again. After a bearish momentum near 07:00 GMT, the cryptocurrency abruptly fell below the $0.1620 mark. IOTA closed at $0.16349903 US Dollars.

IOTA: technical indicators

IOTA Featured Price Chart

IOTA Featured Price Chart by TradingView

The 20-Day Exponential Moving Average (EMA) closed at $0.16345492, while the 50-Day Moving Average (MA) closed below the 20EMA, at $0.16321371.

The Relative Strength Index (RSI) moved across level 80.00 and saw a high of 85.53, which shows that the coin was overbought. The RSI closed at 53.42 on its scale for the 7th of April.

Featured Image by Mudassar Iqbal.

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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