Price Analysis

IOTA Fails to Gain Big; Value Hovers Around $0.254

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  • IOTA gains a mere 0.23% in the last 24 hours
  • IOTA’s next halt is expected to come at 0.2582 USD

IOTA price merely raised by 0.23% in the last 24 hours, and the value has now reached 0.254 USD. The three price swings have given a price range of 0.251 USD and 0.2576 USD.

IOTA Price Analysis

IOTA opened the day trading at 0.25358128 USD, and the first swing happened between 00:11 UTC and 04:15 UTC. In these 4 hours and 4 minutes, it lost 0.0032 USD and got placed at 0.2510 USD. This was followed by a 2.62% hike in the next 18 hours and 7 minutes, which helped MIOTA to be placed at 0.2576 USD. The last variation cost 1.51% and pushed the value to 0.25376 USD.

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IOTA’s market cap also has faced a slump in these hours, and between October 24 and 25, it fell to 710.866 million USD from 712.224 million USD.

IOTA Price Chart
IOTA Chart By TradingView

IOTA’s current trading price is 0.25418846 USD, while its 20-day and 50-day moving averages stand at 0.27110521 USD and 0.26942757 USD, respectively. The current price is 5.65% and 6.23% less than the 50-day average and 20-day average respectively. It may halt at 0.2582 USD in the upcoming few days.

IOTA (MIOTA) Resistance and Support Levels
1st Resistance $0.258
2nd Resistance $0.260
3rd Resistance $0.263
1st Support Level $0.253
2nd Support Level $0.250
3rd Support Level $ 0.248

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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