InvestorsObserver gives IOTA a strong long-term technical score of 86 from its research. The proprietary rating system takes into account the historical trading patterns of the last few months to a year of the coin’s support and resistance levels, in addition to where it sits relative to long-term averages. The analysis helps determine if this is a strong buy-and-hold investment opportunity for traders right now. MIOTA currently has a superior long-term technical analysis value than 86% of the cryptos in circulation. Long-Term Rank is most relevant for buy-and-hold investors looking for strong, steady growth in allocating their wealth. The combination of a high long-term and short-term technical score will also help portfolio managers spot coins that have bottomed.
Trade Analysis
IOTA’s price is -$0.0100000 (-4.83%) below its 100-day moving average price of $0.2900000000 as the price is currently at $0.2800000000. Additionally, MIOTA is up $0.0500000 (-4613.16%) from its 52-week low of $0.2300000000, while -$1.38000000 (-584.78%) below its 52-week high of $1.66 billion lies. The current trading price relative to its long-term average along with its 52-week high and low gives MIOTA a strong long-term technical score of 86. IOTA’s long-term trading movement suggests investors are neutral on the coin at the moment. IOTA has a total market value of $772,762,321.01 with an average daily volume of $133,440,889.94 of currency exchanged over a typical 24-hour period. Over the past 24 hours, MIOTA’s volume has been below its average, totaling $21,312,016.91. This coin’s subclass Digital Money: Digital money is an asset, commodity or currency designed to maintain value and liquidity over time so that it can be used in the same way as fiat currencies are used.
summary
Trading patterns over the past year for IOTA resulted in a strong long-term technical score of 86 for the coin, as its consistency, volatility, and relationship to long-term averages have given investors reason to be neutral on the coin. Click here for the full report on IOTA (MIOTA).
