Price Analysis

IOTA Price Uptrend Indication Strengthens; IOTA Trades at $0.272

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  • IOTA price exhibits high signals for the upsurge
  • Intraday trading could be profitable

The crypto market is currently dealing with volatility. The coins are also affected by the same, but alongside there has been an upsurge noted amongst them. Amidst the fluctuation, IOTA has also been performing well. There is a high possibility for the coin to deal at an astounding digit in the future.

Yesterday, IOTA was seen touching a high at $ 0.276 and a low at $ 0.268741 with a trading volume of $5,713,986. Let’s have a look at the price chart.

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IOTA Price Analysis:

IOTA Price chart

IOTA started trading in the month of August month at $0.293. The price escalated to $0.299 by 2.06%. Further, the price fell to $0.216 by 27.73%. There was an improvement in the price that brought it up to $0.280 by 29.53%. The month closed at $0.248 by 15.20% regression. Next month brought escalation in price. The coin began at $0.248. Later, the price jumped to $0.318 from $0.231 by 37.36%. The price fell immediately to $0.227 by 28.60%. The month closed with a recovery of 21.81% as the price reached $0.276. The current month seems to be caught amid $0.289 and $0.269.

IOTA is showing the improvement indication from the previous month. The current month is also expected to book an upsurge, but looks like volatility of the market is affecting the momentum. As per the current statistics, IOTA has already reached near resistance level 1 at $0.272. Take a look at the support and resistance chart of IOTA.

Resistance Level Price Support Level Price
R1 $0.274776 S1 $ 0.266851
R2 $0.279683 S2 $ 0.263833
R3 $0.282701 S3 $ 0.258926

We are expecting an early uptrend in the coin. The traders interested in IOTA should opt for long-term investment to book a colossal profit.

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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