There is no improvement in the crypto market condition, and this is the reason why altcoin like IOTA is still going through high instability. The condition is turning its worst as the days are passing and with the turbulent and erratic nature of BTC, IOTA will be on the verge to lose its significant values to it. The situation is further aggravated with comparably more persistence of bearish trend than the bullish trend.
Current statistics of IOTA:
- Price in USD: 0.4086 USD (UTC time 08:12)
- Market Rank: 18
- 52 Week High / Low: $1.24 / $0.209035
- 30 Days High / Low: $0.514749 / $0.376839
IOTA Price analysis and future price predictions:
From the above 5-day chart, it is understandable that in spite of the fluctuating state of IOTA, it is trying to move up above the bearish trend with a good effort. Obviously, how long it will retain is uncertain as it is deprived of a strong support level, but the way it is making an effort to peep up above the bull trend is appreciable. On 27th June, it was traded at a value as low as 0.3708 USD and yesterday only; it reached a peak of 0.4186 USD. So, within 1 day, the shift in the prices is not that great, but it is indicating that the trend of IOTA will be highly unpredictable in the upcoming days. Still, there is no notable momentum of IOTA in the bullish trend, and thus, it can again deter at any time. Within a day, the value of IOTA has been increased by 10.19%. On the basis of the above analysis, we assume that in the upcoming days, IOTA can trade around $0.43.
There is nothing impressive noted in the overall crypto market stature. As a result, no decisions regarding long or short-term investment on IOTA must be made. It is still highly volatile, and its fluctuating nature is unavoidable. Any kind of investment on the same can incur a great loss to the investors.