Price Analysis

IOTA Price Analysis: MIOTA Value Escalated by 27% in the Past 5 days

The trinity wallet of IOTA is known to be one of the ideal wallets in the DLT space. IOTA team recently thanked the Computer Science staff of University College London for such a successful platform under the IXN program. 

Let’s hope to see some positive escalations and increased users on the IOTA network too. 

Price Analysis of IOTA on 21st July 2019

The value of IOTA is trading at $0.3245 at 09:12 UTC on 21st July 2019. The other essential factors are calculated as follows: 

  • 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 Price Comparison

IOTA price chart July 21
IOTA Price Chart by TradingView

Considering the data from the past 5 days, the lowest of the value was seen initially on 16th July at 19:00 UTC with $0.2545 trading value. The value was escalated by 21.28% on 18th July at 23:25 UTC with $0.3087. The value yesterday was escalated by 8.37% from then at 16:55 UTC with its trading value at $0.3346. The value now, however, is corrected down by 3.14% since then.

IOTA Prediction and Conclusion

IOTA, like other major coins in the cryptocurrency, is trading in the bearish attribute declaring as an ideal time to ‘buy’ the currency for future returns. This might be an opportunity for new and existing traders to develop a strong IOTA portfolio by buying new coins in the network and increasing the returns for further escalations. 

The resistance and support levels that you might want to consider are calculated as:

  • R3: 0.370342
  • R2: 0.352656
  • R1: 0.336563
  • Pivot Point: 0.318877
  • S1: 0.302784
  • S2: 0.285098
  • S3: 0.269005

And with future escalations, let’s hope to see IOTA’s trade value near $0.75 at the end of 2019. 

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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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