Price Analysis

IOTA (MIOTA) Falls Below $0.20 Overnight After Losing 9.25%

Following the market trend, IOTA has also faced the heat and lost 9.25% value in the last one day. The coin’s value has gone down to as low as 0.19 USD from 0.21 USD. It has shown three major price swings in the last 24 hours.

IOTA Price Prediction

IOTA was being traded at 0.21683562 USD at the opening of the day, and it started losing value, and over the next 10 hours and 18 minutes, the price fell to 0.20846520 USD after losing 0.0083 USD. The second price variation happened between 11:04 UTC and 16:16 UTC, and in these 5 hours and 12 minutes, IOTA coin lost 0.0144 USD to be placed at 0.20037 USD. It was followed by another 8.60% decline in the value that took the price of MIOTA from 0.20884 USD to 0.190896 USD by 01:41 UTC today.

IOTA Price
IOTA Chart By TradingView

The market cap of IOTA on November 24 was 565.947 million USD, and it has been decreased to 554.355 million USD in the last 24 hours. It should be noted that the market cap has been on the decline since November 18, barring one instance of a slight rise.

IOTA’s 20 days MA stands at 0.195699 USD, and it’s 50 days MA is now at 0.197019 USD. The current price of the coin is at 0.19677287 USD, and it is 0.54% more than 20 days MA and 0.12% less than the 50 days MA. It shows that the next few days of the currency are going to be full of struggles, and it may have to find shelter at the crucial support of 0.18 USD.

IOTA (MIOTA)Resistance and Support Levels
1st Resistance$0.213388333
2nd Resistance$0.223163667
3rd Resistance$0.228051333
1st Support Level$0.198725333
2nd Support Level$0.193837667
3rd Support Level$0.184062333
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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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