IOTA Price Prediction 2022 – Will MIOTA Hit $3 Soon?

IOTA Price Prediction 2022 — Will MIOTA Hit $3 Soon?
  • Bullish MIOTA price prediction is $1.5619 to $2.3076.
  • The MIOTA price will also reach $3 soon.
  • MIOTA’s bearish market price prediction for 2022 is $0.2555.

In IOTA’s (MIOTA) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and much other information about MIOTA to analyze the future movement of the cryptocurrency. 

IOTA Current Market Status

According to CoinGecko, the price of MIOTA is $1.07 with a 24-hour trading volume of $59,076,461 at the time of writing. However, MIOTA has decreased nearly 1.9% in the last 24 hours.

Moreover, MIOTA has a circulating supply of 2,779,530,283 MIOTA. Currently, MIOTA trades in cryptocurrency exchanges such as Binance, OKX, Huobi Global, KuCoin, and HitBTC.

What is IOTA (MIOTA)?

IOTA is a distributed ledger containing only one difference, it is not actually a blockchain. But rather its proprietary technology is called Tangle, which is a system of nodes that confirm transactions. Moreover, the foundation behind this project says this provides far greater speeds than conventional blockchains. In addition, an ideal footprint for the ever-growing Internet of Things ecosystem.

IOTA (MIOTA) Price Prediction 2022

IOTA holds the 53rd position on CoinGecko right now. MIOTA price prediction 2022 is explained below with a daily time frame.

MIOTA/USDT Symmetric Triangle Pattern (Source: Tradingview)

The symmetric triangle chart pattern shows the period of consolidation that may force a price breakdown or breakout. More so, a breakdown from the lower trendline indicates the beginning of a new bearish trend. On other hand, a breakout from the upper trendline signal shows the beginning of a new bullish trend. Traders also use moving averages in conjunction with a symmetrical triangle chart pattern to trail their stop loss. 

Currently, MIOTA is in the range of $1.07. If the pattern continues, the price of MIOTA might reach the resistance level of $1.9806 and $2.6850. If the trend reverses, then the price of MIOTA may fall to $0.9656 and $0.6091.

IOTA (MIOTA) Support and Resistance Level

The below chart shows the support and resistance level of MIOTA.

MIOTA/USDT Support and Resistance Level (Source: TradingView)

From the above daily time frame, it is clear the following are the resistance and support levels of MIOTA.

Resistance Level 1$1.5619
Resistance Level 2$1.9912
Resistance Level 3$ 2.3076
Support Level 1$1.0199
Support Level 2$0.5688
Support Level 3$0.2555
MIOTA Resistance & Support Level

The charts show that MIOTA has performed a bullish trend over the past month. If this trend continues, MIOTA might run along with the bulls overtaking its resistance level at $ 2.3076.

Accordingly, if the investors turn against the crypto, the price of the MIOTA might plummet to almost $0.2555, a bearish signal.

IOTA Price Prediction 2022 — RVOL, MA, and RSI

The Relative Volume (RVOL) of MIOTA is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, the RVOL of MIOTA lies below the cutoff line, indicating weaker participants in the current trend.

MIOTA/USDT RVOL, MA, RSI (Source: TradingView)

More so, MIOTA’s Moving Average (MA) is shown in the chart above. Currently, MIOTA is in a bearish state. Notably, the MIOTA price lies below 50 MA (short-term), so it is completely in a downward trend. Therefore, there is a possibility of a reversal trend of MIOTA at any time.

Meanwhile, the relative strength index (RSI) of the MIOTA is at level 41.77. This means that MIOTA is in neither oversold nor overbought state. However, this means a major price reversal of MIOTA may occur in the upcoming days. So, traders need to trade carefully. 

IOTA Price Prediction 2022 — ADX, RVI

Let us now look at IOTA’s Average Directional Index (ADX). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.

MIOTA/USDT ADX, RVI (Source: TradingView)

The above chart represents the ADX of IOTAs. Currently, MIOTA lies in the range of 22.7727, so it indicates a weak trend. 

From the above chart, the Relative Volatility Index (RVI) of MIOTA. RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of MIOTA lies below the 50 levels, indicating that the direction of volatility is low. In fact, MIOTA’s RSI is at 41.77 level thus confirming a potential sell signal.

Comparison of MIOTA with BTC, ETH

The below chart shows the price comparison between Bitcoin, Ethereum, and IOTA.

BTC Vs ETH Vs MIOTA Price Comparison (Source: TradingView)

From the above chart, we can identify the trend of the ETH, BTC and MIOTA is moving at the same level as the trend. This indicates that when the price of BTC increases or decreases, the price of ETH and MIOTA also increases or decreases respectively.

Conclusion

With continuous improvements in the IOTA network, we can say that 2022 is a good year for MIOTA. For this reason, the bullish price prediction of IOTA in 2022 is $2.3076. On the other hand,  the bearish MIOTA price prediction for 2022 is $0.2555.

Furthermore, with the advancements and upgrades on the MIOTA ecosystem, the performance of MIOTA would help to reach above its current all-time high (ATH) $5.25 very soon. But, it might also reach $3 if the investors believe that MIOTA is a good investment in 2022.

FAQ

1. What is IOTA?

IOTA is a distributed ledger containing only one difference, it is not actually a blockchain.

2. Where can you purchase MIOTA?

MIOTA has listed on many crypto exchanges which include Binance, OKX, Huobi Global, KuCoin, and HitBTC.

3. Will MIOTA reach a new ATH soon?

With the ongoing developments and upgrades within the MIOTA platform, it has a high possibility of reaching its ATH soon.

4. What is the current all-time high (ATH) of IOTA?

On December 19, 2017, MIOTA reached its new all-time high (ATH) of $5.25

5. Is MIOTA a good investment in 2022?

IOTA (MIOTA) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of MIOTA in the past few months, MIOTA is considered a good investment in 2022.

6. Can IOTA (MIOTA) reach $3?

IOTA (MIOTA) is one of the active cryptos that continues to maintain its Bullish state. Eventually, if this bullish trend continues then IOTA (MIOTA) will hit $3 soon.

7. What will be the MIOTA price by 2023?

IOTA (MIOTA) price is expected to reach $5 by 2023.

8. What will be the MIOTA price by 2024?

IOTA (MIOTA) price is expected to reach $8 by 2024.

9. What will be the MIOTA price by 2025?

IOTA (MIOTA) price is expected to reach $15 by 2025.

10. What will be the MIOTA price by 2026?

IOTA (MIOTA) price is expected to reach $20 by 2026.

Disclaimer: The opinion expressed in this chart solely author’s. It does not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.

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