Based on today's classical pivot point (P1) with the value of $0.03326, IOTA has support levels of $0.03287, $0.03261, and the strongest at $0.03222. Similarly, IOTA resistance levels are at $0.03352, $0.03391, and $0.03417.
| # | Price | Strength |
|---|---|---|
| S1 | $0.03287 | |
| S2 | $0.03261 | |
| S3 | $0.03222 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.03352 | |
| R2 | $0.03391 | |
| R3 | $0.03417 |
Technical indicators are an essential tool for conducting technical analysis. They provide insights into an asset's market status, investor sentiment, and more, thereby helping investors make more informed trading decisions.
| Period | Value | Action |
|---|---|---|
| RSI (14) | 39.91 | NEUTRAL |
| Stoch RSI (14) | 81.50 | SELL |
| Stochastic Fast (14) | 34.72 | NEUTRAL |
| Commodity Channel Index (20) | -47.99 | NEUTRAL |
| Average Directional Index (14) | 17.49 | NEUTRAL |
| Awesome Oscillator (5, 34) | -0.00 | NEUTRAL |
| Momentum (10) | -0.00 | NEUTRAL |
| MACD (12, 26) | 0.00 | NEUTRAL |
| Williams Percent Range (14) | -65.28 | NEUTRAL |
| Bull Bear Power (13) | -0.00 | SELL |
| Ultimate Oscillator (7, 14, 28) | 45.09 | NEUTRAL |
| VWMA (10) | 0.03 | BUY |
| Hull Moving Average (9) | 0.03 | BUY |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 0.04 | NEUTRAL |
Over the past 7 days, IOTA price was most positively correlated with the price of Ethena (ENA), Immutable X (IMX), Algorand (ALGO), Cardano (ADA) and Arbitrum (ARB) and most negatively correlated with the price of Kaspa (KAS), KAITO (KAITO), Pendle (PENDLE), DeXe (DEXE) and Morpho (MORPHO).
| Name | Correlation |
|---|---|
| Ethena | 0.848 |
| Immutable X | 0.839 |
| Algorand | 0.835 |
| Cardano | 0.833 |
| Arbitrum | 0.832 |
| Name | Correlation |
|---|---|
| Kaspa | -0.781 |
| KAITO | -0.717 |
| Pendle | -0.710 |
| DeXe | -0.709 |
| Morpho | -0.677 |
IOTA price is positively correlated with the top 10 coins by market cap with a price of 0.415, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.102.
Currencies that are positively correlated with IOTA indicate that the movement of one has a statistically significant weight to lead the other in the same direction. For currencies that are negatively correlated with IOTA, a move in one direction for IOTA would translate into a move in the opposite direction for the negatively correlated coin.
