IOTA (MIOTA) Price Prediction 2023-2030: Will MIOTA Reach $1 Soon?

• Bullish MIOTA price prediction ranges from $0.1500 to $0.300
• Analysis suggests that the MIOTA price might reach above $0.2979 soon.
• The MIOTA bearish market price prediction for 2023 is $0.1539

IOTA is a project that supports the internet of things (IoT) and is also a medium of exchange. IOTA is multi-chain and is present in its explorer as well as in Binance Smart Chain.

IOTA investors are bullish on the token since it has had a return on investment (ROI) of over 508 times in the past 6 years. The crypto bubble in December 2017 led to the surge in the price of MIOTA to its present all-time high (ATH) price of $5.69. Ever since then, it has been unable to break the resistance level even in the crypto bubble of 2021. Irrespective of the recent crypto winter, MIOTA investors are confident that the future of MIOTA is bullish.

If you are interested in the future of IOTA (MIOTA) and would want to know the price analysis and price prediction of MIOTA for 2023, 2024, 2025, 2026, up to 2030, keep reading this Coin Edition article.

IOTA (MIOTA) Market Overview

What is IOTA (MIOTA)?

IOTA is a green, decentralized, and open-source digital infrastructure. It is built on the IOTA Tangle, an open, feeless, and highly scalable distributed ledger protocol, designed to support

frictionless data and value transfer. IOTA is designed to be the most reliable distributed ledger technology (DLT) for Web3 applications and digital economies. 

The word iota refers to the Greek letter Iota and its contemporary definition, meaning a minuscule amount of something. The name was chosen by the IOTA Foundation based on the assumption that the Internet of Things will consist of billions of tiny transactions and exchanges per day. Although tiny transactions are not the only thing that the Tangle can facilitate, the ability to scale from tiny machine sensors to the largest networks of civic architecture is a distinguishing feature of the IOTA ledger.

Iota is also the name of the native currency on this protocol, distinguishable from the name of the protocol by its lowercase formatting. One iota is the smallest unit of currency available for purchase. A finite number of approximately 2.7 quadrillion iotas exist. 

You can think of one iota as being similar to the smallest available unit of Bitcoin (BTC), one satoshi. All of the iotas in circulation were created by the very first transaction on the Tangle, called the “genesis transaction.” IOTA is non-inflationary by design, meaning that its value cannot be diluted by exponentially increasing the number of tokens in order to, for example, reward miners or stakers for their services. 

Analysts’ View on IOTA(MIOTA)

Blockbytes, a crypto news publication platform shared a video titled “How does #Shimmer benefit the #IOTA Ecosystem?” $SMR is the native token of the Shimmer network, the official incentivized staging network of the IOTA distributed ledger technology.  

IOTA (MIOTA)Current Market Status

MIOTA has a circulating supply of 2,779,530,283 MIOTA coins, while its maximum supply is 2,779,530,283 MIOTA coins, according to CoinMarketCap. At the time of writing, MIOTA is trading at $0.2009 representing 24 hours decrease of 0.99%. The trading volume of MIOTA in the past 24 hours is $9,419,731 which represents a 7.73% decrease.

Some top cryptocurrency exchanges for trading MIOTA are Binance, OKX, Bitrue, Bybit, and Bitget

Now that you know MIOTA and its current market status, we shall discuss the price analysis of  MOTA for 2023.

IOTA (MIOTA) Price Analysis 2023

Currently, IOTA (MIOTA) ranks 73 on CoinMarketCap. Will MIOTA’s most recent improvements, additions, and modifications help its price go up? First, let’s focus on the charts in this article’s MIOTA price forecast.

IOTA (MIOTA) Price Analysis – Bollinger Bands

The Bollinger bands are a type of price envelope developed by John Bollinger. It gives a range with an upper and lower limit for the price to fluctuate. The Bollinger bands work on the principle of standard deviation and period (time). 

The upper band as shown in the chart is calculated by adding two times the standard deviation to the Simple Moving Average while the lower band is calculated by subtracting two times the standard deviation from the Simple Moving Average. When the bands widen, it shows there’s going to be more volatility and when they contract, there is less volatility. 

When Bollinger bands are used in a cryptocurrency chart, we could expect the price of the cryptocurrency to reside within the upper and lower bounds of the Bollinger bands 95% of the time. The above thesis is derived from an Empirical law. 

The sections highlighted by red rectangles in the chart above show how the bands expand and contract. When the bands widen, we could expect more volatility, and when the bands contract, it denotes less volatility. 

The green rectangles show how MIOTA retraced after touching the upper band (overbought) and lower band (oversold). Additionally, the blue rectangle shows how MIOTA tested, and broke the upper bands on numerous occasions after receiving support at the Simple Moving Average (SMA). 

Currently, the Bollinger Bands have started to expand, we could expect the expansion of the Bollinger bands to continue. The above thesis could be proved by the Bollinger Band Width (BBW) Indicator used at the bottom of the chart. 

When considering the green line on the indicator, we could see that it is heading upwards. The indicator currently shows a value of 0.21. However, since the line is titled upwards we could expect bands to widen further until it reaches 0.24 on the indicator where the bands widening bands started squeezing. 

Moreover, when we consider the MIOTA’s behavior within the bands, we could see that it has currently retraced after touching the upper band. We could expect MIOTA to find support at the Simple Moving Average. Nonetheless, the above statement could be negated if the bands continue to widen. This is because the SMA would be broken by the intense volatility in the market. 

The chances of MIOTA reaching the lower band rather than finding support on the SMA seems to be quite high. As such, buyers need to wait for MIOTA to hit the lower band before entering the market. MIOTA roughly took about 18-20 days to reach the lower band after rebounding off the upper band. 

As such, it may take around the same time frame for MIOTA to reach the lower Bollinger band. Additionally, MIOTA also has the tendency to fall along the lower band after reaching the lower band. Therefore, traders may need to consider these and take precautions.  

IOTA (MIOTA) Price Analysis – Relative Strength Index

The Relative Strength Index is an indicator that is used to find out whether the price of a security is overvalued or undervalued. As per its name, RSI indicators help determine how the security is doing at present, relative to its previous price. 

Moreover, it has a signal line which is a Simple Moving Average (SMA) that acts as a yardstick or reference to the RSI line. Hence, whenever the RSI line is above the SMA, it is considered bullish; if it’s below the SMA, it is bearish. 

Currently, MIOTA is bullish as the RSI is above the Signal line. Moreover, the RSI is currently at 60.88 and it is heading toward the overbought region. As such, we could expect the token to rise further and reach the overbought region. Moreover, unlike the bearish divergence shown on the chart, both, MIOTA and the RSI are moving in the same direction. Hence, the above thesis could be justified.  

The Stochastic RSI at 79.37 has just entered the normal zone after being in the oversold territory. Furthermore, it is heading towards the oversold region, as such, we could expect the prices to rise further for MIOTA. 

Additionally, the RSI Support and Resistance (RSI S&R)  indicator shows the Crossover Overbought, Crossunder Overbought, Crossover Oversold, and Crossunder Oversold region for a given RSI value.

As per the RSI S&R indicator, MIOTA is in the bull zone. If the RSI is above the Signal line and keeps moving up in unison with the price of MIOTA, then MIOTA could reach the Crossover Overbought Zone at $0.2475. 

Contrastingly, in the event that the RSI divergence when MIOTA rises and falls below the Signal, the furthest that MIOTA could reach is 0.2348 (Crossunder Overbought region). 

In the unlikely event that MIOTA crashes (without the correction being considered) when the RSI is above the Signal, then may seek support at $0.1792 (Crossover Oversold) before it actually starts to rise over. Nonetheless, from its previous behavior, we haven’t seen MIOTA being supported at the Crossover Oversold. 

As such above mentioned scenario is quite redundant. Hence, we could expect the RSI to fall below the Signal and MIOTA to crash and seek Support at $0.1750 (Crossunder Oversold). As such traders may want to consider having their entry point, stop loss, and take profits at the appropriate places.   

IOTA (MIOTA) Price Analysis – Moving Average

The Exponential Moving averages are quite similar to the simple moving averages (SMA). However, the SMA equally distributes down all values whereas the Exponential Moving Average gives more weightage to the current prices. Since SMA undermines the weightage of the present price, the EMA is used in price movements. 

The 200-day MA is considered to be the long-term moving average while the 50-day MA is considered the short-term moving average in trading. Based on how these two lines behave, the strength of the cryptocurrency or the trend can be determined on average. 

In particular, when the short-term moving average (50-day MA) approaches the long-term moving average (200-day MA) from below and crosses it, we call it a Golden Cross.

Contrastingly, when the short-term moving average crosses the long-term moving average from above then, a death cross occurs. 

Usually, when a Golden Cross occurs, the prices of the cryptocurrency will shoot up drastically, but when there’s a Death Cross, the prices will crash. 

Whenever the price of cryptocurrency is above the 50-day or 200-day MA, or above both we may say that the token is bullish. Contrastingly, if the token is below the 50-day or 200-day, or below both, then we could call it bearish (Blue triangle section).

Currently, we could see that MIOTA is seeking support from the 50-day MA after being rejected at the 200-day MA, which is acting as the immediate resistance. In the event that MIOTA fails to be supported by the 50-day MA, we may see it fall till it reaches the green line which is just below the $0.1800 level. However, if MIOTA recovers and starts to surge after rebounding off of the 50-day MA, we could expect it to test the 200-day MA once again. 

IOTA (MIOTA) Price Analysis – Elder Force Index

Elder Force Index is an indicator that was invented by Alexander Elder, who was an entrepreneur. The indicator mainly uses two parameters to adjudicate the buying and selling force and thereby predicts the market trend. In particular, it relies on price change and volume. As such the strength of the buying force or selling force is dependent on either the price change or the volume. 

Whenever the EFI is greater than zero, or positive, we could say that the trend is bullish, as there is more buying pressure. However, when the EFI is in the negative zone, we could say that the cryptocurrency is in the negative zone and the selling pressure is more.

Moreover, the Elder Force could also be used to figure out trend reversals and breakouts. For instance when the EFI is making lower highs while the cryptocurrency is making higher highs, then we could say that this is a bearish divergence. However, in the event that the cryptocurrency is making lower lows while the EFI is making higher lows, then it is a bullish divergence represented in the chart. 

When looking at the chart above we could see that the Elder Force Index(EFI) records a negative value of 11.482K. However, the EFI line seems to be moving towards zero. We could expect it to move above zero. In the event that the EFI crosses zero, we could expect it to reach 4.606K. Nonetheless, if the price continues to rise and the volume is also healthy then EFI could reach 10.981K. 

Moreover, the Bear-Bull-Power indicator also shows a value of 0.0137 and the line is heading more toward the positive region. As such, we could say that the bulls are gaining more power, therefore, we might see MIOTA surge in the future. 

IOTA (MIOTA) Price Prediction 2023-2030 Overview

IOTA (MIOTA) Price Prediction 2023

When considering the behavior of IOTA it has been fluctuating in a falling wedge. We could expect MIOTA to continue fluctuating within the wedge. In the event that MIOTA continues to stay within the wedge, we could expect it to make lower highs and lower lows. Although it is difficult to time the MIOTA’s breakout from the falling wedge,  we could expect it to break out from the wedge once it touches Support at $0.1539. 

The above thesis could be supported by the MIOTA’s historical behavior of being catapulted from Support 1 to higher than Resistance 3 at $0.2979. However, on its way up, MIOTA might experience some friction at Resistance 1 and Resistance 2. 

Since MIOTA has a chance of breaking out from the wedge when it reaches Support 1, buyers may want to wait until MIOTA breaks out of the wedge before entering the market. They may want to consider having their entry point just above the breakout and the take profit could be based on their discretion. However, the stop loss could be around Support 1 to give some slack for MIOTA to recover. 

In the event that MIOTA doesn’t comply with the upper and lower trend lines of the wedge, we could expect it to reach Resistance 1 at $0.2290 from where it is as of now. With more momentum from the bulls, MIOTA could break through Resistance 1 and reach Resistance 2. 

IOTA (MIOTA) Price Prediction – Resistance and Support Levels

When considering the chart above we could see that the MIOTA was descending along the 1:8 Gann line from May 2018- September 2018. Thereafter, during the last quarter of 2018, the token slides along the 1:4 Gann line before finding support at the 4:1 Gann line. 

The Gann 4:1 line support MIOTA from mid-December 2018 to mid of 2019 (July). But since the bears were getting stronger, the 4:1 Gann line could not hold the price of MIOTA from falling further. As such, MIOTA reached out for support from the 8:1 Gann line till November 2019. 

From November 2019 to early 2021, MIOTA was trading below the 8:1 Gann line, at times testing and breaking. However, the dawn of 2021 brought rejuvenated the bull and drove the prices of MIOTA higher. 

When considering the MIOTA’s movement since 2021 we could see that it was bullish since it was trading above the 1:1 Gann line (thick purple lines). From early January 2021 to May 2021 MIOTA was trading above the 1:2 Gann line for most of the time. However, come mid of May, MIOTA lost momentum and succumbed to the bear’s pressure. This made MIOTA crash below the 1:1 Gann line. 

After this crash, MIOTA started recovering by rising along the 2:1 Gann line at times rebounding off of 3:1 and 4: 1 Gann lines. However, MIOTA’s rise was brought to a stall by the intersection of both 2:1 Gann lines. Thereafter, MIOTA was restricted to descending along the 2:1 Gann line coming from above. Although at times MIOTA broke this line, it wasn’t able to hold above it. 

Interestingly, since May 2022, we can see MIOTA fluctuating horizontally. Its diagonal movement has ceased to exist. 

When considering MIOTA’s movement from May 2022 to the present, we could note a variety of movement patterns. From May to the beginning of August 2022, we could see that MIOTA was fluctuating below the 1:1 Gann line. But, since mid-August, we could see that the bulls gained momentum as MIOTA made the 1:1 Gann line its support, where it could slide along downwards. 

MIOTA slides downwards until late December 2022 before the dawn of 2023 saw more MIOTA test the 2:1 Gann line. In particular, the rise of MIOTA in its early stages was exponential, however, following that MIOTA rose along the 0.5 Fib Arc. However, being obstructed by the 2:1 Gann line. MIOTA fell to the next arc (0.618) for support but was denied. 

As such MIOTA reciprocated its behavior of rising along the outside of Fib 0.618 arc but was once again hindered by the 2;1 Gann line. Currently, as MIOTA is inside of Fib 0.786 arc, we might see it rising along that arc, as it has crossed the 2:1 Gann line which was an obstruction in the past. However, there is also the possibility of MIOTA falling and reaching for support from the Fib 1 arc. 

But before that, we may see MIOTA rising on the outside of the Fib 0.786 arc. As such traders may want to consider this before making decisions. 

IOTA (MIOTA) Price Prediction 2024 

There will be Bitcoin halving in 2024, and hence we should expect a positive trend in the market due to user sentiments and the quest by investors to accumulate more of the coin. However, the year of BTC halving didn’t yield the maximum MIOTA based on the previous halving. Hence, we could expect MIOTA to trade at a price not below $0.49 by the end of 2024.

IOTA (MIOTA) Price Prediction 2025

MIOTA may experience the after-effects of the Bitcoin halving and is expected to trade much higher than its 2024 price. Many trade analysts speculate that BTC halving could create a huge impact on the crypto market. Moreover, similar to many altcoins, MIOTA will continue to rise in 2025 forming new resistance levels. It is expected that MIOTA would trade beyond the $2.20 level.

IOTA (MIOTA) Price Prediction 2026

It is expected that after a long period of bull run, the bears would come into power and start negatively impacting the cryptocurrencies. During this bearish sentiment, MIOTA could tumble into its support regions. During this period of price correction, MIOTA could lose momentum and be way below its 2025 price. As such it could be trading at $0.39 by 2026. 

IOTA (MIOTA) Price Prediction 2027

Naturally, traders expect a bullish market sentiment after the crypto industry was affected negatively by the bears’ claw. Moreover, the build-up to the next Bitcoin halving in 2028 could evoke excitement in traders. However, there will be a dip before MIOTA actually surges, as such we could expect MIOTA to trade at around $0.15 by the end of 2027. 

IOTA (MIOTA) Price Prediction 2028

As the crypto community’s hope will be re-ignited looking forward to Bitcoin halving like many altcoins, MIOTA may reciprocate its past behavior during the BTC halving. Hence, MIOTA would be trading at $0.34 after experiencing a considerable surge by the end of 2028. 

IOTA (MIOTA) Price Prediction 2029

2029 is expected to be another bull run due to the aftermath of the BTC halving. However, traders speculate that the crypto market would gradually become stable by this year. In tandem with the stable market sentiment, MIOTA could be trading at $1.82 by the end of 2029.

IOTA (MIOTA) Price Prediction 2030

After witnessing a bullish run in the market, MIOTA and many altcoins would show signs of consolidation and might trade sideways and move downwards for some time while experiencing minor spikes. Therefore, by the end of 2030, MIOTA could be trading at $1.13

IOTA (MIOTA) Price Prediction 2040

The long-term forecast for MIOTA indicates that this altcoin could reach a new all-time high(ATH). This would be one of the key moments as HODLERS may expect to sell some of their tokens at the ATH point. 

If they start selling then MIOTA could fall in value. It is expected that the average price of MIOTA could reach $1.46 by 2040.

IOTA (MIOTA) Price Prediction 2050

The community believes that there will be widespread adoption of cryptocurrencies, which could maintain gradual bullish gains. By the end of 2050, if the bullish momentum is maintained, MIOTA could hit $1.68

Conclusion

If investors continue showing their interest in MIOTA and add these tokens to their portfolios, it could continue to rise. MIOTA’s bullish price prediction shows that it could reach the $0.30 level. 

FAQ

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

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