Price Analysis

IOTA Price Exhibits Indications of Profitable Intraday Closing


IOTA has been going through the fluctuating period. From the beginning of the month, the crypto market has felt a heavy movement. IOTA also reflected a similar movement. The first few days of the month took the coin price down, but soon it got upward movement. The price is booking a moderate uptrend. Today, the price is moving to break the immediate resistance level at $0.286.

IOTA Price Prediction:

September started at $0.250. IOTA price escalated a little but soon fell to $0.2255 from $0.26096 by 13.58%. Later, the coin reached to $0.31746 from $0.24088 by 31.79% hike. There was an immediate fall observed that brought IOTA coin price down to $0.22788 by 28.38% drop.

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The month closed with an escalation of 21.34%. The price moved up to $0.27651 and closed the month. The month recorded overall progression of 11.24%. In the last fifteen days, we can clearly observe an uptrend in the price. A major escalation was recorded when IOTA moved up from $0.2633 to $0.2879 by 9.35%.

IOTA Price Chart
IOTA Chart By TradingView

IOTA is a high prospect coin. The currency has been giving good results to the traders in the past. The same is anticipated in the future. As per the current price movement, there is a high possibility that IOTA might close the day with a positive digit. IOTA coin would be best suited for long-term traders. The same would give the desired result. To gain short-term profits, traders should consider following calculated levels,

Resistance Level Price Support Level Price
R1 $0.286189 S1 $0.276182
R2 $0.291575 S2 $0.271561
R3 $0.296196 S3 $0.266175

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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