Price Analysis

IOTA Price Analysis: IOTA Price Movement Suggests A Further Uptrend

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IOTA was trading at $0.3057 on 26-July-19 at 01:00 UTC. There were two sharp falls in the next two days, and the IOTA reached $0.2694 on 28-July-19 at 22:00 UTC. From 29-July-19 till about 8-Aug-19, the coin was moving at almost the same pace. Post-9-Aug-19, the price of IOTA gradually started to move downwards and reach close to $0.2223 on 15-Aug-19. However, the coin has managed to gain back its efficiency levels and has managed to come back and maintain its upside movement with the price being stable at $0.2690. We anticipate that the IOTA price may continue to rise tomorrow as well.

Current Statistics of the IOTA:

  • As per 06:47 UTC today, Market Cap of the coin was $748,357,511.
  • IOTA price is trading at $0.2687 at 06:47 UTC.
  • 24-hour volume is at $9,134,504.
  • 2,779,530,283 coins are being circulated.
  • ROI of IOTA is -57.84%.

IOTA to USD price comparison over the past one month is mentioned below:

IOTA Price Prediction
IOTA Price Chart by TradingView

By comparing the price of IOTA when it reached $0.22 on 15-Aug-19 and the present price, the coin indicates a bullish trend by around 20%.

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IOTA Price Prediction & Conclusion:

As per past data and analysis, IOTA price will rise marginally and may cross to $0.27 by tomorrow. Today, the coin may be traded in the range of $0.26 and $0.27. Trading in the IOTA coin from a long-term perspective will prove to be quite profitable. If IOTA continues with the same upward trend, the next resistance levels can be seen at $0.31 and $0.34 respectively.

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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