Price Analysis

IOTA (MIOTA) Starts the Week with a Budge; Gains 1.06% Overnight

IOTA begins the week with a positive note, and it has made one step forward towards the recovery. The currency currently trades at 0.2064 USD, with an overall gain of 1.06% in a day. There have been three major price variations over the last 24 hours.

IOTA Price Prediction

IOTA was being traded at 0.2043 USD at the starting of the day, and its first major price variation happened between 01:30 and 08:00 UTC. Over these six and a half hours, the coin managed to add 0.0027 USD and pushed the price to 0.20529 USD. The next variation happened between 08:11 and 18:47 UTC. This variation was a 2.83% increment that happened over 10 hours and 36 minutes, and it helped IOTA to scale the value to 0.2072 USD. At 19:19 UTC, IOTA coin started showing strength, and towards the closing, it fetched another hike of 0.96%, and the price touched 0.207557 USD, the highest for the day.

IOTA Price
IOTA Chart By TradingView

Despite a marginal hike in the IOTA price against the US Dollar, the market cap seems to have stagnated. The market cap has fallen to 574.822 million USD from 577.221 million USD over the last day.

IOTA’s 20 days MA stands at 0.20656419 USD, and it’s 50 days MA is now at 0.20667236 USD. Currently, IOTA coin is being traded at 0.20647315 USD, which is 0.096% and 0.044% less than the 50 days and 20 days moving averages, respectively. IOTA’s next halt is likely to come at 0.2014 USD.

IOTA (MIOTA)Resistance and Support Levels
1st Resistance$0.20978
2nd Resistance$0.21189
3rd Resistance$0.21498
1st Support$0.20458
2nd Support$0.20149
3rd Support$0.19937
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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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