- Bullish MIOTA price prediction for 2023 is 0.$2551 to $0.6605.
- IOTA (MIOTA) price might also reach $0.3 soon.
- Bearish MIOTA price prediction for 2023 is $0.1606.
In IOTA (MIOTA) price prediction 2023, we use statistics, price patterns, RSI, RVOL, and other information about MIOTA to analyze the future movement of the cryptocurrency.
IOTA (MIOTA) Current Market Status
| Current Price | $0.166294 |
| 24 – Hour Trading Volume | $7,957,672 |
| 24 – Hour Price Change | 5.2% down |
| Circulating Supply | 2,779,530,283 |
| All – Time High | $5.25 (On December 19, 2017) |
What is IOTA (MIOTA)?
IOTA (MIOTA) is a crypto token optimized specially for the internet of things (IoT). It operates on its native distributed ledger technology called the Tangle. MIOTA was launched in an ICO in December 2015 and the mainnet went live in 2016.
IOTA’s Tangle depends on the directed acrylic graph (DAG). Every transaction on the network is not connected to a single point and requires no blocks or mining. For any transaction to be validated on IOTA, two previous transactions on random nodes have to be verified. Notably, the network requires no transaction fees. IOTA resolves the drawbacks of a traditional blockchain. That is, it is highly scalable, requires low energy, no transaction fees, and high throughput.
IOTA (MIOTA) Price Prediction 2023
IOTA (MIOTA) holds the 71st position on CoinGecko right now. MIOTA price prediction 2023 is explained below with a daily time frame
The above chart of IOTA (MIOTA) laid out the descending channel also known as the falling channel. A descending channel is formed by two parallel trendlines. The upper trendline, which joins the highs, and the lower trendline, which joins the lows, run parallelly downwards. This pattern is characteristic of a bearish market.
Currently, IOTA (MIOTA) is in the range of $0.1727. If the pattern continues, the price of MIOTA might reach the resistance levels of $0.1935, 0.2757, and $0.3317. If the trend reverses, then the price of MIOTA may fall to $0.1568.
IOTA (MIOTA) Support and Resistance Levels
The chart below shows the support and resistance levels of IOTA (MIOTA).
From the above daily time frame, we can clearly interpret the following as the resistance and support levels of IOTA (MIOTA).
| Resistance Level 1 | $0.2551 |
| Resistance Level 2 | $0.3998 |
| Resistance Level 3 | $0.6605 |
| Support Level | $0.1606 |
The charts show that IOTA (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 $0.6605.
Accordingly, if the investors turn against crypto, the price of IOTA (MIOTA) might plummet to almost $0.1606, a bearish signal.
IOTA (MIOTA) Price Prediction 2023 — RVOL, MA, and RSI
The Relative Volume (RVOL) of IOTA (MIOTA) is shown in the chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. Currently, the RVOL of MIOTA lies below the cutoff line, indicating weak participants in the current trend.
Also, the Moving Average (MA) of IOTA (MIOTA) is shown in the chart above. Notably, IOTA (MIOTA) price lies below 50 MA (short-term), so it is in a downtrend. Currently, MIOTA has entered a bearish state. Therefore, there is a possibility of a reversal trend of MIOTA at any time.
Meanwhile, the relative strength index (RSI) of the MIOTA is 36.46. This means that IOTA (MIOTA) is in an oversold state. However, this means a major price reversal of MIOTA may occur in the upcoming days. So, traders need to trade carefully.
IOTA (MIOTA) Price Prediction 2023 — ADX, RVI
Let us now look at the Average Directional Index (ADX) of IOTA (MIOTA). 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.
The above chart represents the ADX of IOTA (MIOTA). Currently, the ADX of MIOTA lies in the range of 52.3523 and thus, it indicates a strong trend.
The above chart also represents the Relative Volatility Index (RVI) of IOTA (MIOTA). RVI measures the constant deviation of price changes over a period of time. The RVI of MIOTA lies above 50, indicating high volatility. In fact, the RSI of IOTA (MIOTA) is at 36.05 thus confirming a potential buy signal.
Comparison of MIOTA with BTC, ETH
The below chart shows the price comparison between Bitcoin, Ethereum, and IOTA (MIOTA).
From the above chart, we can interpret that the price actions MIOTA is a similar trend with respect to BTC and ETH. This indicates that when the price of BTC and ETH increases, the price of MIOTA increases. And when the price of BTC and ETH decreases, the price of MIOTA decreases.
IOTA (MIOTA) Price Prediction 2024-2030
Numerous factors are taken into account when forecasting prices including volume changes, price variations, market cycles, and similar coins. Let’s predict the price of IOTA (MIOTA) between 2024 and 2030.
IOTA (MIOTA) Price Prediction 2024
If the declining price action completely slows down in momentum and the trend reverses, IOTA (MIOTA) might probably attain $0.5 by 2024.
IOTA (MIOTA) Price Prediction 2025
With several upgrades in the network, IOTA (MIOTA) might enter a bullish trajectory. If the coin grabs the attention of major investors, MIOTA might rally to hit $1 by 2025.
IOTA (MIOTA) Price Prediction 2026
If IOTA (MIOTA) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 3 years, MIOTA would rally to hit $3.
IOTA (MIOTA) Price Prediction 2027
If IOTA (MIOTA) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 4 years, MIOTA would rally to hit $6.
IOTA (MIOTA) Price Prediction 2028
If IOTA (MIOTA) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 5 years, MIOTA would rally to hit $9.
IOTA (MIOTA) Price Prediction 2029
IOTA (MIOTA) holds up a strong stance as a better investment option for the next 6 years amid the trends in the highly-volatile crypto market. By driving significant price rallies, MIOTA would hit $12 in 2029.
IOTA (MIOTA) Price Prediction 2030
If investors flock in and continue to place their bets on IOTA (MIOTA), it would witness major spikes. MIOTA might hit $15 by 2030.
Conclusion
With continuous improvements in the IOTA network, we can say that 2023 is a good year for MIOTA. For this reason, the bullish price prediction of IOTA (MIOTA) in 2023 is $0.6605. On the other hand, the bearish price prediction of IOTA (MIOTA) for 2023 is $0.1606.
Furthermore, with the advancements and upgrades to the IOTA ecosystem, the performance of MIOTA would help to reach above its current all-time high (ATH) of $5.25 very soon. But, it might also reach $0.3 if the investors believe that MIOTA is a good investment in 2023.
FAQ
MIOTA is the native crypto token of IOTA, a blockchain-less distributed ledger protocol. IOTA network is optimized for the internet of things (IoT) and every transaction is initiated with no transaction fees.
IOTA (MIOTA) has been listed on many crypto exchanges which include Binance, Bitfinex, Kucoin, OKX, and Gate.io.
With the ongoing developments and upgrades within the IOTA platform, IOTA (MIOTA) has a high possibility of reaching its ATH soon.
On December 19, 2017, MIOTA reached its new all-time high (ATH) of $5.25
IOTA (MIOTA) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of IOTA in the past few months, MIOTA is considered a good investment in 2023.
IOTA (MIOTA) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues, IOTA (MIOTA) will hit $0.3 soon.
IOTA (MIOTA) price is expected to reach $1 by 2024.
IOTA (MIOTA) price is expected to reach $3 by 2025.
IOTA (MIOTA) price is expected to reach $6 by 2026.
IOTA (MIOTA) price is expected to reach $9 by 2027.
Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
