IOTA’s Struggle Advances; Down to $0.25 after a 6.54% Decline

IOTA has witnessed a 6.54% loss in the last 24 hours. It has been through four major price swings in these 24 hours, and the range of the swings lies between 0.269 USD and 0.243 USD.

IOTA Price Analysis:

IOTA opened the day at 0.2689 USD, and over the next 16 hours, it lost 0.0259 USD to be placed at 0.2430 USD. It was followed by a hike of 6.07% that added 0.0147 USD and pushed the value to 0.2578 USD. The last swing happened between 21:06 UTC and 03:07 UTC, and this swing cost it 2.46% or 0.00634 USD and pushed the final value to 0.2513 USD.

IOTA Chart By TradingView

In the last seven days, IOTA has almost maintained a straight line except for a few swings. The lowest for the coin came at 0.2470 USD on 23rd October. It should be noted that its fluctuations have started from 20th October only.

Currently, IOTA to USD price is trading at 0.25136839 USD. The 20 days average and 50 days average are at 0.27207532USD and 0.26569354 USD, respectively. The current trend is 5.39% and 7.61% less than the 50 days average and 20 days average, respectively. As evaluated by MIOTA Price Prediction expert, it may find its next resistance at 0.2697 USD.

Resistance and Support Levels-

R1- $0.269762, R2- $0.285947, R3- $0.297287

S1- $0.242237, S2- $0.230897, S3- $0.214712

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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