IOTA Price Analysis: IOTA Price Has Dropped By 29% Since Last Month
IOTA was priced at $0.3206 on 14-July-19 at about 22:00 UTC; however, the prices of the coin started to decline. There were two major price falls, and IOTA fell as low as $0.2557 on 16-July-19. From 16-July-19, the coin did show signs of an upward rise and reached $0.3339 on 20th July around 17:30 UTC. However, it could not maintain its efficiency at this level and started to decline again. Post-mid-week of July, the decline in the IOTA price has been a slow and gradual one without any drastic fall. IOTA fell as low as $0.2233 yesterday at about 06:30 UTC.
Let us look at how IOTA has performed:
Current Statistics of the IOTA:
- Market Cap of the coin was 646,697,298 USD.
- IOTA price is trading at $0.2346.
- 24-hour volume is at $6,142,366
- 2,779,530,283 IOTA coins are at present being traded digitally.
- The coin offers an ROI of -63.38%.
IOTA Price Prediction:
If we compare the price of IOTA since the time it reached a high in July, which was on 20-July-19 wherein the price was $0.3339 and the present value, IOTA is reflecting a bearish run by almost 30%.
We believe that IOTA price may continue to fall marginally, and the coin may be finding support at $0.22. IOTA may be able to change the present scenario only after about a couple of weeks once it is able to bounce back well and maintain its performance standards.
Conclusion:
The Chaikin Money Flow indicator also reflects that the currently, IOTA is trading with a bearish nature. According to IOTA Forecast and current trends, investors should wait for some time before investing their money in the coin. IOTA has the required potential to make a turn around after about a few weeks. Hence it is advisable to trade in the coin from a long-term perspective.
