MIOTA Price Moves Close To $0.160: Analysis

The IOTA MIOTA price moves close to the $0.160 range after it saw the bulls in the second quarter at the end of today’s trading. The cryptocurrency had dropped below the $0.1440 price point after the bears came into play on the 15^th April as we are reading more about in the IOTA news today.

The MIOTA price dropped below the $0.1440 level after stepping right onto the chart for the 16^th of April while the cryptocurrency saw one daily low of $0.142. Iota’s price then moved to $0.1450 until the end of April 16^th, and the altcoin experienced a bullish momentum when the price reached the $0.1560 price level following the $0.1580 level. The cryptocurrency went back to the previous level of $0.1560 shortly after which it continued a price incline to the $0.1600 level until the end of the day. IOTA’s price closed the day trading at $0.159 USD.

The 20-day exponential moving average closed the day at $0.158 while the 50-day moving average closed below the 20 EMA at $0.158 price level. The Relative strength index moved across the 80.00 level and it saw an increase of 88.03 which means that MIOTA was overbought.

As per the recent IOTA news today, In a blog post by the Crypto Rating Council CRC, we can see that they revealed three new cryptocurrencies to their lists with different ratings including IOTA, Basic Attention Token and the USDCoin. The blog post also revealed that the recent analysis was based on previous reviews ratings and the developments in the public domain. The CRC also updated scores for Polymath tokens and Maker. The Crypto Rating Council CRC is a US-based consortium of crypto firms that advocates better regulatory clarity in the crypto space and backed by major companies such as Bittrex, Kraken, and Coinbase.

The IOTA payments prototype Espiota which is developed by a member of the IOTA community continues to progress with the launch of the official website and a new product video. Espiota has the power to turn any electrical device into a smart device and to perform certain tasks when an IOTA payment is made. With the help of this prototype, any electrical device can be upgraded by plugging the Espiota box between the electrical device and the power socket to start action after payment has been made with the IOTA token.