IOTA (MIOTA): Does it Score Well on Long-Term Trading Metrics Thursday?

Thursday, July 06, 2023 06:04 AM | InvestorsObserver Analysts

InvestorsObserver gives IOTA an average long-term technical score of 53 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the coin's support and resistance levels, in addition to where it is relative to long-term averages. The analysis helps to determine whether it's a strong buy-and-hold investment opportunity currently for traders. MIOTA at this time has a superior long-term technical analysis score than 53% of crytpos in circulation. The Long-Term Rank will be most relevant to buy-and-hold type investors who are looking for strong steady growth when allocating their assets. Combining a high long and short-term technical score will also help portfolio managers discover coins that have bottomed out.

InvestorsObserver is giving IOTA a 53 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on IOTA!

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Trading Analysis

IOTA's price is -$0.0100000 (-2.85%) below its 100-day moving average price of $0.190000000 as its price at the moment sits at $0.190000000. Additionally, MIOTA is $0.0500000 (-7787.73%) higher than its 52-week low price of $0.140000000 while -$0.18000000 (-2677.83%) under its 52-week high of $0.370000000. The current trading price in relation to its long-term average along with its 52-week high and low, gives MIOTA an average long-term technical score of 53. Long-term trading movement of IOTA suggest that investors are neutral on the coin at the moment. IOTA currently has a total market cap of $522,258,214.97 to go along with its average daily volume of $47,865,630.83 worth of the currency over the past seven days. MIOTA's volume is below its seven day average as of the past 24 hours, with 6,314,219.48 exchanged in that period. This coin's subclass Digital Money: Digital Money is an asset, commodity, or currency intended to maintain value and liquidity over time so that it may be used the same way fiat currencies are used.

Summary

Trading patterns over the last year for IOTA leads to the coin's an average long-term technical score of 53 as its consistency, volatility, and relation to long-term averages has given investors reason to be neutral on the coin. Click Here to get the full Report on IOTA (MIOTA).