Price Analysis

IOTA Price Analysis: IOTA Price Continues to Fall

IOTA was priced at $0.3987 on 2-Jan-19, however, post the said date, the price of IOTA coin started to fall, and it reached as low as $0.2450 on 6-Feb-19. Since February, the coin started to show signs of an upward rise barring the few falls in the mid of April 2019. With two sharp increases, IOTA price reached a high of $0.5221 on 29-May-19. Since May 2019, the coin has not been able to maintain its efficiency and has started to decline downwards. While writing, the movement of the coin continued to remain in bearish nature.

IOTA Price Chart:

IOTA price chart August 14
IOTA Price Chart by TradingView

Current Data of IOTA:

  • Market Cap of the IOTA coin was 707,512,123 USD.
  • The price of the IOTA coin is $0.25 at 07:46 UTC.
  • 24-hour volume is $7,631,945
  • 2,779,530,283 IOTA coins are the same which are being circulated.
  • The coin offers an ROI of -60.25%.

IOTA Price Prediction & Conclusion:

If we compare the cost of the coin on 29-May-19 and the present price, IOTA indicates a bearish trend by 108%.

We anticipate that the same trend may continue for the coin for another few days to come. It may be traded close to $0.24 by the day end of 15-Aug-19.

As per the present movement, it is advisable to buy the new coins now as prices are low and retain the same for a long period as the coin can offer better returns by then. The MACD indicator also highlights that IOTA is at present being dominated by the bears. The coin has been overbought as well as an oversold couple of times in this year, at present, the trend seems to be reaching towards being oversold.

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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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