Price Analysis

IOTA (MIOTA) Embarks Improvement During the Intraday Movement

The crypto market is in its highly volatile phase. The unexpected price jumps and drops are quite disturbing for the traders. There is a possibility of improvement in the momentum, but the same might take some time. Today, the cryptocurrencies are spotted tremendously falling. The top players like Bitcoin, Ethereum, Ripple, Litecoin etc. are also under the same influence.

IOTA cryptocurrency is reflecting a similar trend, and thus the intraday trading in the coin might not bring any considerable profit to the traders. Yesterday, IOTA price was seen touching a high at $0.222328 and a low at $0.213707.

IOTA Price Prediction

Yesterday, IOTA started dealing at $0.213. The opening hours took the coin to $0.214 by 0.74%. The price shifted to $0.211 in the later hours and marked regression of 1.74%. Further, the currency tried to recover and touched $0.2155 but couldn’t hold itself for a while and dropped to $0.2069 by 3.98% fall. The last few hours brought the IOTA price back to $0.21134 by 2.13%. Still, the intraday movement recorded a loss of 0.95%. Today, the currency started the day at $0.21134 and touched $0.2129 with the first few hours of opening by 0.73%. The price escalated to $0.2134 by 0.26%.

IOTA
IOTA Chart By TradingView

IOTA coin is under the bearish market influence. The currency has violated the immediate support level at $0.213 by dropping to $0.211. There is a strong possibility for IOTA to breach the next support level at $0.209. IOTA cryptocurrency is speculated to give flourish returns to long-term investors. The short-term might not help the investors in drawing huge returns.

Resistance LevelPrice
R1$0.222335
R2$0.226642
R3$0.230956
Support LevelPrice
S1$0.213714
S2$0.2094
S3$0.205093
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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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