Price Analysis

IOTA Price Surprisingly Takes a Bullish Move

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  • IOTA adapts bullish trend in the bearish market.
  • The traders astounded by the price movement.

The crypto market crashed a few days ago. Before the crash, the market was at $26 billion market cap. However, IOTA now is at $21 billion marking a tremendous loss in the trading price. The same has affected almost all the coins of the market. Many coins are still under the market pressure, but there are some coins that are coping out of the same. IOTA falls under the latter group.

IOTA to USD Price Comparison:

The chart is taken from Trading View on September 30, 2019, at 12:02:17 UTC for price analysis.

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IOTA Price Chart
IOTA Chart By TradingView

Yesterday, IOTA started dealing at $0.263 and the price dropped by 4.98%, which took it to $0.250. The recovery in the price brought it to $0.257 by 2.81%. Further, the price went up to $0.259 by 0.86%. The intraday fall in the price was of 1.44% and closed at $0.259. Today, the price moved to $0.261 from $0.259 during the opening hours by 0.82%. The price dropped immediately to $0.250 and the recovery took it back to $0.263 by 5.17%.

IOTA price has turned green; the same has spiked hope among the traders. They are eyeing for heavy recovery and we are positive that the upsurge might stay intact. An investment in IOTA might bring hefty profit for the traders.

We would suggest a long-term investment plan for IOTA as it would give the trader the desired result. The short-term investment might not give a desirable result.

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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