IOTUSD Price Analysis – June 26
The pair is unable to break through the upper zone on the level at 0.5000 but finds buyers again around the level at 0.4735 and may close within the previous day’s range.
Supply Level: $0.3714, $0.4040, $0.4420
Demand Level: $0.5570, $0.5557, $0.5000
IOTUSD Long term Trend: Bullish
The pair exited Tuesday trading losing negatively with (-1.03). And closing within the prior’s days range, price missed to decisively move beyond the upper zone on the level at 0.4735.
Notwithstanding a strong opening, the market may close below the highest level for the week. Additionally, one bullish candlestick pattern matches today’s price action and the trend is bullish also showing an intact uptrend in the long term.
IOTUSD Short term Trend: Bullish
The price of the pair is trading close to the key technical demand zone now turned the supply on the level at 0.4691, and after spiking up to the level at 0.4856 earlier during the day.
Another side may be the failure to close above the demand zone could increase the significance of the levels going forward. After having to be unable to move lower in the previous session, we see IOTA has found sellers again around the same price level at 0.4715 today.
Note: Dapplife.com is not a financial advisor. Do your own research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results