Price Analysis

IOTA Upsurge Indicates Positive Sign for Future Price Movement

The crypto market is reflecting heavy fluctuation at the moment. The coins are spotted struggling to maintain the uptrend in the market. However, there are some coins that are exhibiting great potential. IOTA is among the same group where the price is indicating an upsurge.

Yesterday, it was seen dealing at a high of $0.2747 and a low of $0.2689. The volume marked as $5,207,117. Today, there is a possibility that IOTA would breach yesterday’s counters.

IOTA Price Prediction

Yesterday, IOTA started dealing at $0.26942. The price slipped to $0.26687 by 0.96% drop. Further, the coin escalated to $0.2744 by 2.82% hike. With a few ups and downs, the IOTA coin closed the day at $0.2731. The overall intraday movement in the price was 1.38%. Today, the coin opened with an escalation. The price counters switched from $0.2731 to $0.2768 by 1.36%. Later, the IOTA price slipped to $0.2683 by 3.08%. Recently, again recovered and went up to $0.2750 by 2.45%.

IOTA to USD price chart
IOTA Price Chart by TradingView

IOTA is currently dealing at $0.2739. The coin seems to be tilted towards the immediate resistance level. In the coming hours, the coin might breach the immediate resistance level at $0.276. However, due to the heavy fluctuation, IOTA has already violated the immediate support level at $0.270.

Resistance LevelPriceSupport LevelPrice
R1$0.276638S1$0.270849
R2$0.278567S2$0.266989
R3$0.282427S3$0.26506

IOTA is recommended for long-term investors. The short-term period might not bring the desired result to the traders. Hence, we would suggest going with long-term investment.

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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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