fbpx
Price Analysis

IOTA Reflects Tremendous Growth; Trades with an Upward Trend

IOTA recently released IOTA Chronicle, which is going to be the Permanode solution. This will help the Node owners to store their IOTA transactions in the distributed, scalable, secure, and fast database.

Considering the data and trend from last 5 days, IOTA price has shown a tremendous surging momentum. The lowest value was realized on September 13, 2019 at 03:05 UTC, when the coin was trading at $0.23441. The value from then increased by 8.32% as on September 16, 2019 at 05:40 UTC, when IOTA was seen trading at $0.2537.

IOTA price chart
IOTA Price Chart by TradingView

A slight drop by 4.74% was seen on the same day at 13:40 UTC, when the value of IOTA dropped to $0.2415. The value from then has drastically increased by 13.48% as of now.

IOTA trend enters the bullish zone. This means that the short-term traders might want to opt for selling the investments for enjoying better returns. The resistance and support levels would help the traders to avoid the losses during moderate volatility. It is calculated as:

Resistance Levels:

R1: $0.269732, R2: $0.276362, R3: $0.286968

Support Levels:

S1: $0.252496, S2: $0.24189, S3: $0.23526

The short-term investment will fetch enough if the traders are quite vigilant with the given resistance and support levels.

IOTA price chart
IOTA Price Chart by TradingView

The long-term investment, however, should be at a hold presently. Investors might have to be patient for some more time for fetching massive returns.

Tags

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.

Related Articles

Back to top button
Close