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Price Analysis

IOTA’s Bullish Trend Escapes Due to Rushing Bears

IOTA price has booked a heavy fall during the opening hours of IOTA. The currency was seen riding the bull in the first few hours yesterday. Later, the price began to fall and kept dropping for the entire day. The last quarter has been experiencing volatility since its start. The currency was seen touching a high at $0.287834 and a low at $0.271661 with a volume of $11,049,093 in yesterday’s chart.

Today, IOTA is witnessing a pullback from the beginning of the day. However, the same would pass soon, and the currency is likely to close with a positive digit. Let’s have a look at the price chart.

IOTA Price Analysis:

The data feed is taken from Trading View on October 9, 2019, at 03:07:16 UTC for price analysis.

IOTA Price
IOTA Chart By TradingView

Yesterday, IOTA began dealing at $283. The price escalated to $0.287 by 1.26%. Later, IOTA fell tremendously to $0.270 by 5.90%. There were few pickups and drops in the coin. The price jumped from $0.270 to $0.275 by 2.10%. Further, the price dropped to $0.269 by 2.23%. Towards the end of the day, the price escalated to $0.276 by 2.17%. The price movement of IOTA registered an intraday progression of 2.82%. Today, IOTA started the day at $0.275 and is dealing around the same.

IOTA Price Prediction:

IOTA price has been giving good results to the traders in the past couple of years. The beginning of the year was also extraordinary. The fall in the coin began with the third quarter. The market holds high hope from the ongoing quarter. It is likely to take the price up by the end of the year. The future of the IOTA is anticipated to be flourishing.

If we look at current statistics, the market cap is noted as $761,080,007. The circulating supply is at 2,779,530,283 MIOTA. The 24hr volume is noted as $11,585,313. The ROI is noted as >9000%.

The year may take IOTA to $0.300 before closing if bulls take-over the trend. The currency is recommended for long term traders as it would give them the maximum result.

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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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