- IOTA is seen recovering on the price chart after a heavy drop.
- Intraday traders can expect a better day ahead.
IOTA was seen in the recovery mode from the beginning of the week. However, there was a huge setback for the traders yesterday. The coin took a tremendous dig on the price chart. The coin opened today with a loss, but the current scenario is giving hope to the traders. We are looking forward to the coin to improve in the intraday chart. Let’s have a look at the price chart.
IOTA/USD Price Chart:
The chart is taken from Trading View on 22nd August 2019 at 05:18:56 UTC for price analysis.
Looking, at yesterday’s chart, the coin is reflecting a heavy price drop. Starting from yesterday morning, the coin dropped by 5.22% from $0.25 to $0.23. The coin kept falling and touched $0.23. The coin started recovering from $0.23 and closed the day at $0.24 with an escalation of 3.39%. Today, the token opened with a drop of 2.81% from $0.24 to $0.23. The coin, further, recovered from $0.23 to $0.24 by 2.59%.
Current Statistics of IOTA:
|Market Cap||$672,338,560 USD|
|Circulating Supply||2,779,530,283 MIOTA|
|24hr Volume||$4,755,468 USD|
IOTA Price Prediction and Conclusion:
IOTA price chart has spiked hope. The coin could soon be seen recovering. The altcoin market is anticipated to start a price rally soon. The same could help the traders to recover from their ongoing losses. The coin is speculated to have a great future ahead.
We are assuming that the coin would be seen dealing around $0.50 by the end of 2019. In the coming years, the escalation could bring a 6% to 7% profit in the coin. The coin is recommended for long term traders as it would give the best result in the specified period.