Price Analysis

IOTA (MIOTA) Reflects Moderate Fall Since Yesterday

IOTA is currently trading downwards. The price is registering continuous downside movement from the opening hour. The recovery in the coin is likely to be delayed as the same is trapped amid a huge pressure. Yesterday, IOTA was seen dealing at a high of $0.002698 and a low of $0.002645.

IOTA Price Prediction:

Yesterday, the IOTA started dealing at $0.265. The price fell to $0.264 by 0.53%. The price escalated to $0.268 by 1.68%. Further, the IOTA price fell to $0.264 by 1.42%. Then, it recovered in the later hours. The price escalated to $0.270 by 2.13% hike. The price slipped to $0.265 by 1.82%. There was a slight recovery towards the end of the day and went up to $0.267 by 0.82%.

The intraday movement brought escalation in the IOTA price by 0.82% as it closed at $0.267. Today, the coin fell to $0.262 by 1.98% within the opening hours. The coin kept moving around the same level. The price fell to $0.260 from $0.262 by 0.99%.

IOTA Price Forecast
IOTA Chart By TradingView

IOTA’s current price is noted as $0.261. The counter seems to be falling towards the major support level at $0.259. The price of the coin has already breached the immediate support of $0.262. There is not much scope of improvement.

IOTA is ideally recommended for long-term traders. However, as per the current scenario, the traders are suggested to hold on to their investment. The same would help the investors to cut short the risk.

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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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