Price Analysis

IOTA (MIOTA) Takes a Heavy Plunge Today; Struggling for Price Recovery

  • IOTA price movement exhibits loss on the intraday chart
  • The next halt may come at $0.1967

The crypto market is dealing under pressure. The coins are spotted with a bearish trend that seems to continue for some time. IOTA is also under a similar trend. The coin price is frozen around $0.20 from the past 7-days. The improvement is speculated to take place in some time. In the intraday chart, IOTA is reflecting a moderate drop.

IOTA Coin News
IOTA Chart By TradingView

IOTA Price Prediction

Yesterday, IOTA coin started dealing at $0.197. The price surged to $0.198 by 0.57%. The currency slipped to $0.196 by 1.19% in the next few hours. Further, the price escalated to $0.199 by 1.83% hike. The price remained locked at the level and later dropped to $0.195 by 1.81% drop. The closing hours took the price to $0.201. The intraday movement reflected the escalation of 2.01%. Today, IOTA coin began with a tremendous fall and touched $0.194 by 3.04%. The price jumped to $0.197 by 1.51%. The currency dropped to $0.192 by 2.12%. Recently, IOTA was reflecting a recovery in the price and touched $0.197 by 2.22%.

IOTA coin is dealing at $0.197. The same is marked as the major support level. The price recovered slightly and is now above the immediate support level. There is a slight possibility for the coin to jump to the immediate resistance level at $0.200. The traders interested in IOTA are recommended for opting the long-term investment. The same would bring the result to the investors.

Resistance LevelPriceSupport LevelPrice
R1$0.200776S1$0.196757
R2$0.202871S2$0.194833
R3$0.204795S3$0.192738
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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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