Price Analysis

IOTA Price Embarks on a Bullish Path

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IOTA has released an updated version 1.1.0 of the Trinity Mobile wallet. The new improvement includes Java Script Core update and 64-bit support. There is an authentication mechanism for custom nodes has been added. Users can now set a specific node for Proof of Work. Improved Dark theme has also been added. One can now localize his/her balance depending on language and currency. Additionally, linking on Android and general mobile has been improved.

IOTA Price Analysis:

On September 06, IOTA (MIOTA) was trading around 0.2419 USD. However, today after 25-days, the coin showed a marginal hike of 13.22%. In a similar way, the coin has gone up by a margin of 5.73% from the level of 0.259 USD on September 26. Yesterday’s trading was also a bit bullish where the coin climbed by 1.5% from the level of 0.262290 USD. Finally, it closed around 0.266231 USD.

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IOTA Price
IOTA Chart By TradingView

For now, the immediate resistance for the crypto is at 0.2812 USD and support at 0.2572 USD.

The latest update of the Trinity wallet has been well received by the community. The foundation has worked on a lot of core issues of the wallet. Meanwhile, the short-term is bullish for those who have invested at the time off bottoming out. As per our analysis, the coin will soar immensely in the next couple of weeks.

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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