IOTAUSD Price Analysis – July 7
The future value of the crypto with the technical analysis predicts IOTA may be a bad and high risk all year investment for the IOTAUSD pair. According to present data for IOTA the potential market environment has been in a bearish cycle with a negative trend.
Supply Level: $0.229, $0.334, $0.371
Demand Level: $0.576, $0.495, $0.451
IOTAUSD Long term Trend: Bearish
Trading in the bear market is harder but with optimal investment strategies, the participants of the pair may take gains around the key technical supply and demand levels.
The current price of IOTAUSD is $0.393 today and analysts suggest it may drop from that level at $0.399 to $0.3340 and change will be almost 50% in the long term, but as long as the supply zone holds it may be invalidated.
IOTAUSD Short term Trend: Bearish
The IOTAUSD price analysis as seen on the 4-hour time frame within a 14 days historical data has also confirmed its bearish momentum, specifically as it trades on lower volume.
However, in the near term, a range between the demand zone on the level at $0.399 and the supply zone on the level at $0.371 is evident as it trends along the channel.
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