Uncategorized

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$0.282024S1$0.27204
R2$0.286247S2$0.266279
R3$0.292008S3$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. IOTA is suggested for long-term traders. The same would give the maximum result to the traders.

Tags

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.
Back to top button
Close