Price Analysis

IOTA Price Analysis: IOTA shows major escalations in past 5 days

IOTA (MIOTA) after releasing the Trinity wallet is surely known as one of the most technology-updated methodologies which generally attract the users towards IOTA tokens. After such an update, the supplies were increased rapidly, and let’s hope to see better capitalization in IOTA.

Price Analysis of IOTA on 20th July 2019:

IOTA is recently trading at $0.3249 at 08:06 UTC as on 20th July 2019. There are other essential contributions in the positioning of the coin that is calculated as:

  • Market Ranking: 18
  • Return of Investment: -49.30%
  • Total supply/ Circulating Supply: 2,779,530,283 MIOTA/ 2,779,530,283 MIOTA
  • 24 Hour Volume: $14,148,308
  • Market Cap Value: $899,863,919
  • 7 Day high/ low: $0.350321 / $0.258600

IOTA to USD Comparison:

IOTA Price Chart - 20 July

As per the IOTA Chart, In the past 5 days, the initial trend was seen above the baseline on 15th July at 23:05 UTC, with the trading value of $0.3094. The value dropped by 17.68% on 16th July at 18:55 UTC, with the coin valuation at $0.2546. However, the value next day, escalated by 15.60% at 18:40 UTC, with a valuation of $0.2943. The coin dropped again by 6.63% as on 18th July at 14:00 UTC, with a trading value of $0.2746.

But the tremendous escalation was seen today when the value from then increased by 18.58% at 05:25 UTC, with a trading value of $0.3256.

IOTA Price Prediction and Conclusion:

IOTA is sliding below the baseline, trending in the strong bearish zone. So this might be a good time for the trades to ‘buy’ IOTA tokens. But hopefully, we might see the trade escalation soon. Till then, if traders wish to understand the safer bid interval, the calculated resistance support level below might help them with the better decision:

  • R3: 0.335412
  • R2: 0.331000
  • R1: 0.328727
  • S1: 0.296583
  • S2: 0.288923
  • S3: 0.282439

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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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