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Price Analysis

IOTA Price Analysis: IOTA Price Recovery Indicates A Better Day For Intraday Traders

  • 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.

IOTA Price Prediction
IOTA Price Chart by TradingView

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:

ParticularsIOTA
Price$0.241889 USD
Rank20
ROI-62.12%
Market Cap$672,338,560 USD
Circulating Supply2,779,530,283 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.

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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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