IOTA Price Analysis: IOTA (MIOTA) Trend Sweeps Below Baseline

The crypto market is still very volatile, which is adversely impacting almost all altcoins, including IOTA. No matter how brilliant projects IOTA tries to bring out to increase its trading value, but according to the major crypto enthusiasts, the maximum of these projects are going to be failed this year. According to IOTA Price Prediction analyst, till the end of 2019, it is expected that volatility will not subside. So, this makes it obvious that in the upcoming days, the condition of IOTA will be the same or worse.

IOTA (MIOTA) Current statistics:

Price in USD: 0.4048 USD

Price in BTC: 0.00003481 BTC (UTC 09:04)

Circulating supply: 2,779,530,283 MIOTA

Market cap: $1,134,728,850 USD

Market rank:  17

IOTA Price analysis and future price predictions:

IOTA (MIOTA) Price Chart - 28 June

From the above 5-day IOTA chart, it is understandable that from 22nd to 28th of June, IOTA has maximally traded in the bullish ranges. Although it got fluctuated at frequent intervals and also intermediate bearish trends are noticed, but still, it tried to hold on to its bullish limit. On 24th June, it was traded at a bullish range of 0.4608 USD. On 26th June, it attained a good height of 0.4863 USD. But since the night of 26th June, it again started repeating its downside momentum. Yesterday, it was traded at a value as low as 0.3705 USD. So, considering these two price points, it is evident that the liquidity of IOTA is very high and that is the reason why within one day, there is such a great shift in the trading values of IOTA. Within a span of 5 days only, the value of IOTA (IOTA to USD) has been reduced by 12.15%. Considering the above facts, we think that in the upcoming days, IOTA can trade around $0.4327.

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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