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Price Analysis

IOTA Price Analysis: IOTA Maintains Its Bullish Stand Next Target Can Be $0.27

Let us observe the price comparison of the IOTA to USD since past one week. IOTA was valued at $0.2399 and gradually started to show signs of an upward rise. There were a couple of falls in between. IOTA price fell as low as $0.2331 on 21-Aug-19 at 12:00 UTC in the last week. Since 21-Aug-19, the coin seems to have maintained its performance levels and reached as high as $0.2692 on 22-Aug-19 at 20:15 UTC. Despite a couple of falls in between, as on today, IOTA has still managed to maintain the prices at $0.26 mark. The coin can be traded today in the range of $0.25 and $0.27.

Let us look at how IOTA has performed this week:

IOTA Price Prediction
IOTA Price Chart by TradingView

Current Statistics of the IOTA:

  • As per 06:00 UTC today, Market Cap of the coin was $723,736,584.
  • IOTA price is trading at $0.2622 at 06:11 UTC.
  • 24-hour volume is at $6,748,606.
  • 2,779,530,283 IOTA coins presently in circulation.
  • ROI of IOTA is at -59.18%.

IOTA/USD Price Comparison and Forecast:

If we compare the price of the IOTA coin since a week when it was valued at $0.2399 on 17-Aug-19 at 00:00 UTC and the current price, IOTA indicates a bullish trend by 13%.

We anticipate that the bullish run may continue for the coin for tomorrow as well and it may cross its 7-Day high of $0.27 mark.

As per the present movement noticed, it is a good time to sell the existing IOTA coins in hand. You can also trade on a short-term basis as IOTA coin has managed to bounce back well over the past one week despite the fall to $0.23. The MACD indicator also points that the present movement of the coin is bearish, but as per the MACD chart, the price of IOTA is expected to rise. If the coin continues to rise upwards, the next major resistance levels may be seen at $0.29 and $0.32 respectively.

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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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