IOTA Exhibits a 6% Downfall; Trading Price Slips to $0.266

  • IOTA bearish trend takes the price down by 6%
  • The price moves towards the major support level at $0.262

IOTA is dealing with heavy loss in the price. The coin has dropped by 6% with its intraday movement. The currency was moving up until the first few hours of the day. Later, the downtrend began and took a tremendous fall. The movement in the market is quite volatile these days. The same caused downtrend in the coin after having a profitable opening. We are expecting that the heavy fall in the price would recover soon. Let’s have a look at the price chart.

IOTA to USD Price Analysis:

IOTA Price
IOTA Chart By TradingView

Yesterday, the price started trading at $0.272 just when the coin fell to $0.268 by 1.38%. Later, the price escalated to $0.2805 by 4.54%, marking an escalation of 2.38% by closing around $0.278. Today, the price started with a moderate movement. But later, it fell to $0.260 by 6.54%. Further, the price recovered by 2.55% and brought it back to $0.267.

As per the current statistics, the market cap is noted as $739,661,893. The 24hr volume is at $5,565,963, and circulating supply is at 2,779,530,283 MIOTA. However, yesterday the volume was marked at $3,997,205. The change in price is clearly indicating that IOTA wouldn’t be closing with a profitable digit.

Resistance Level Price Support Level Price
R1 $0.282024 S1 $0.27204
R2 $0.286247 S2 $0.266279
R3 $0.292008 S3 $0.262056

The current trading price of the coin is standing around the next support level at $0.266. IOTA is moving towards the major support level. The currency is moving down, but the future is indicating good time ahead. According to MIOTA price forecast, IOTA is suggested for long-term traders. The same would give the maximum result to the traders.

Mehak Punjabi

Mehak Punjabi is a post graduate in MBA with specialization in Finance and has joined CryptonewsZ with a skill building view in the world of cryptocurrency and blockchain. She is dynamic and a quick learner with a hold on financial analysis.

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