![]() Whilst it may or may not ever go that high again, we could still see a 5-10x from current price levels as the market capital is now just $833 million. In 2017, according to Coinmarketcap the market capital for IOTA was as astonishing $14.92 billion. Currently IOTA trades at the same price levels of 2018-2020 where we can see the weekly relative strength index also came down to an oversold position.īy the next crypto bull run there is a very good chance that the price of IOTA will go back up above price levels beyond $2.50. The above chart reflects an extreme greed phase (green), downtrend (orange) and undervaluation phase from extreme fear (red). I speculate that IOTA crypto is now in a key undervaluation re-accumulation range as the current price we see today is nostalgic of the prices in the 20 bear market. Whilst the short-term scenario for IOTA could generate fairly good returns, it is still very much a dubious speculation as we delve deeper into a crypto winter which could still last over 2 more years.Ĭrypto bear markets can be great to take advantage of when looking to have a long-term investment strategy, by holding on through to the next crypto bull run and dollar cost averaging blue-chip cryptos into your portfolio. Should IOTA run out of steam and the bears take control again, there is a good chance that IOTA will retest the support level of the horizontal channel once again at $0.24. This would depend on the trajectory of Bitcoin and other externalities such as harsh macro-economic conditions that are placed upon the blockchain markets at present, suppressing continuation of a crypto bull run. If IOTA can maintain enough bullish momentum I think a realistic price target for the remainder of 2022 could be a swing-high to the technical target of $0.455. Traders who managed to dollar cost average in at those particular levels would now still be up by 21.94%. On the 19th of September, IOTA was trading at $0.246. ![]() Since then, the market conditions for crypto have flipped from an extreme fear sentiment to fearful. When Bitcoin crossed the 200-week moving average on the 13th June 2022, it seems that IOTA found a bottom at $0.23. IOTA crypto has been trading within a horizontal channel over the last 140 days and could possibly print another swing high to a key resistance level before pumping further. IOTA Crypto Price Prediction 2022įrom a technical analysis point of view IOTA is starting to gather bullish momentum and could be on the brink of breaking out soon. IOTA is available on OKX for trading, holding or staking. How to Watch Love Island UK From Abroad.Best Mobile App Development Companies India.
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