IOTA (MIOTA) Price Prediction 2022 – Will MIOTA Hit $0.5 Soon?

• Bullish MIOTA price prediction for 2022 is $0.4009 to $1.0453.
• The MIOTA price will also reach $0.5 soon.
• Bearish MIOTA price prediction for 2022 is $0.2011.

In IOTA (MIOTA) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about MIOTA to analyze the future movement of the cryptocurrency. 

IOTA (MIOTA) Current Market Status

According to CoinGecko, the price of IOTA (MIOTA) is $0.2158 with a 24-hour trading volume of $29,444,945 at the time of writing. However, MIOTA has decreased to 2.77% in the last 24 hours. 

Moreover, IOTA (MIOTA) has a circulating supply of 2,779,530,283 MIOTA. Currently, MIOTA trades in cryptocurrency exchanges such as Binance, OKX, Upbit, Gate.io, DigiFinex.

What is IOTA (MIOTA)?

IOTA (MIOTA) is a crypto token optimized specially for the internet of things (IoT). It operates on its native distributed ledger technology called the Tangle. MIOTA was launched in an ICO in December 2015 and the mainnet went live in 2016.  

IOTA’s Tangle depends on the directed acrylic graph (DAG). Every transaction on the network is not connected to a single point and requires no blocks or mining. For any transaction to be validated on IOTA, two previous transactions on random nodes have to be verified. Notably, the network requires no transaction fees. IOTA resolves the drawbacks of a traditional blockchain. That is, it is highly scalable, requires low energy, no transaction fees, and high throughput.

IOTA (MIOTA) Price Prediction 2022

IOTA (MIOTA) holds the 64th position on CoinGecko right now. MIOTA price prediction 2022 is explained below with a daily time frame.

The above chart of IOTA (MIOTA) laid out the Descending Triangle  pattern.  This pattern is often regarded as a characteristic of a bearish trend. It is formed by the upper trend line that connects the highs and a horizontal trend line connecting lows converges to form a triangle. If the price action breaches the lower support level, the bearish trend would be sustained. Generally, a descending triangle pattern indicates the reversal of an uptrend or the continuation of the downtrend. Traders keenly look out for a significant breakout point.

Currently, IOTA (MIOTA) is at $0.2158. If the pattern continues, the price of MIOTA might reach the resistance level of $0.2460 and $0.3706. If the trend reverses, then the price of MIOTA may fall to $0.2017.

IOTA (MIOTA) Support and Resistance Levels

The chart below shows the support and resistance levels of IOTA (MIOTA).

From the above daily time frame, we can clearly interpret the following as the resistance and support levels of IOTA (MIOTA).

Resistance Level 1	$0.4009
Resistance Level 2	$0.6578
Resistance Level 3	$1.0453
Support Level	$0.2011

The charts show that MIOTA has performed a bullish trend over the past month. If this trend continues, MIOTA might run along with the bulls overtaking its resistance level at $1.0453.

Accordingly, if the investors turn against the crypto, the price of the MIOTA might plummet to almost $0.2011, a bearish signal.

IOTA (MIOTA) Price Prediction 2022 — RVOL, MA, and RSI

The Relative Volume (RVOL) of IOTA (MIOTA) is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, the RVOL of MIOTA lies below the cutoff line, indicating weak participants in the current trend.

Moreover, the Moving Average (MA) of IOTA (MIOTA) is shown in the above chart. Notably, the MIOTA price lies below 50 MA (short-term), so it is completely in a downward trend. Currently, MIOTA is in a bearish state. There is a possibility of a reversal trend of MIOTA at any time.

Meanwhile, the relative strength index (RSI) of the MIOTA is at a level of 37.64. This means that MIOTA is nearly in an oversold state. However, this gives confidence to the traders to trade without any fear.

IOTA (MIOTA) Price Prediction 2022 — ADX, RVI

Let us now look at the Average Directional Index (ADX) of IOTA (MIOTA). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.

The above chart represents the ADX of IOTA (MIOTA). Currently, MIOTA lies in the range of 45.09, indicating a strong trend. 

From the above chart, the Relative Volatility Index (RVI) of IOTA (MIOTA). RVI measures the constant deviation of price changes over a period of time. The RVI of MIOTA lies below 50, indicating high volatility. In fact, MIOTA’s RSI is at 37.64, thus confirming a potential buy signal.

Comparison of MIOTA with BTC, ETH

The below chart shows the price comparison between Bitcoin, Ethereum, and IOTA (MIOTA).

From the above chart, we can interpret ETH, BTC, and MIOTA are moving in a similar trend. This indicates that when the price of BTC increases or decreases, the price of ETH and MIOTA also increase or decrease respectively.

IOTA (MIOTA) Price Prediction 2023

If the declining price action completely slows down in momentum and the trend reverses,  IOTA (MIOTA) might probably attain $1 by 2023.

IOTA (MIOTA) Price Prediction 2024

With several upgrades in the network, IOTA (MIOTA) might enter a bullish trajectory. If the coin grabs the attention of major investors, MIOTA might rally to hit $3 by 2024. 

IOTA (MIOTA) Price Prediction 2025

If IOTA (MIOTA) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 3 years, MIOTA would rally to hit $5.  

IOTA (MIOTA) Price Prediction 2026

If IOTA (MIOTA) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 4 years, MIOTA would rally to hit $7. 

IOTA (MIOTA) Price Prediction 2027

If IOTA (MIOTA) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 5 years, MIOTA would rally to hit $9. 

IOTA (MIOTA) Price Prediction 2028

If IOTA (MIOTA) holds up a strong stance as a better investment option for the next 6 years, it might witness significant price rallies. Thus, by 2028, MIOTA would hit $11.

IOTA (MIOTA) Price Prediction 2029

If investors flock in and continue to place their bets on IOTA (MIOTA), it would witness major spikes. MIOTA might hit $13 by 2029.

IOTA (MIOTA) Price Prediction 2030

With greater advancements in the IOTA ecosystem, the crypto community might continue to invest in IOTA (MIOTA) for the next 8 years and drive significant price rallies for the token. Hence, IOTA (MIOTA) might hit $15 by 2030.

Conclusion

With continuous improvements in the IOTA network, we can say that 2022 is a good year for MIOTA. For this reason, the bullish price prediction of IOTA (MIOTA) in 2022 is $1.0479. On the other hand, the bearish price prediction of IOTA (MIOTA) for 2022 is $0.2403.
Furthermore, with the advancements and upgrades in the IOTA ecosystem, the performance of IOTA (MIOTA) might hit $0.5 gaining investors’ attention. It would also rise above its all-time high (ATH) of $5.25 in the near future.

FAQ

Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.

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