Price Analysis

IOTA Price Analysis: IOTA Prices may Fall Marginally; can Reach $0.23 by Tomorrow

Let us compare the price of the coin since the past one month. IOTA was priced at $0.33 on 20-July-19 at 22:00 UTC. However, post this date, it gradually started to show a declining movement. It fell to $0.26 on 28-July-19 at 22:30 UTC. The coin did manage to bounce well and started to rise upwards. Since 8-Aug-19 the coin once again was being dominated by the bears and prices fell to as low as $0.22 on 15-Aug-19 at 06:00 UTC. We anticipate that the bearish run may continue for the coin for another few days’ posts which the scenario is likely to change.

IOTA price chart:

IOTA price chart - Aug 20
IOTA Chart By TradingView

Current Data of IOTA to USD:

  • Ranking of the coin is maintained at level number 19.
  • As per 08:04 UTC today, the Market Cap value of the coin was 688,178,826 USD.
  • The price of the IOTA coin is $0.24 at 08:04 UTC.
  • 24-hour volume numbers are $4,945,710
  • 2,779,530,283 IOTA coins remain to be circulated today.
  • The coin offers an ROI of -61.21%.

IOTA price prediction and comparison:

If we compare the price of IOTA since the time it reached an all-time high, which was $0.33 on 20-July-19 and the present price, the coin indicates a bearish run by 37.5%. IOTA may reach close to $0.23 with a marginal fall by the end of the day tomorrow. After a few days, the coin may be traded in the range of $0.24 to $0.27 once the coin picks up its momentum.

Conclusion:

As per the present trend of IOTA, you can sell the existing coins in hand. We suggest waiting for a couple of days before you invest money in purchasing the new coins. The MACD indicator also reflects that the present movement of the coin is a downward trend. It might take a couple of weeks for IOTA to be able to beat its previous high price of $0.33, post which there would be no stopping for the coin.

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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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