Price Analysis

IOTA’s Struggle Continues for Another Day; Loses 2.12% Overnight

  • IOTA loses 2.12% in the last 24 hours to touch $0.2579
  • Its next resistance may come at $0.2645

IOTA (MIOTA) has entered another day of struggle. Over the last 24 hours, it has been down by 2.12% and shown three major price variations in the range between 0.2640 USD and 0.2502 USD.

IOTA Price Prediction

IOTA opened the day at 0.263511127 USD, and over the next 5 hours, it faced its first swing of 2.11% decline in the value. This swing pushed the IOTA price to 0.25795259 USD. The second variation happened between 09:03 UTC and 14:32 UTC, and in these 5 hours and 29 minutes, the value touched 0.2502 USD, the lowest of the day. This 5.21% slump is followed by a 3.17% increment in the value, and IOTA added 0.00793164 USD to the value over the next 10 hours and 45 minutes from 14:32 UTC.

IOTA Price
IOTA Chart By TradingView

IOTA’s market cap on November 15 was 718.591 million USD, and over these 24 hours, it has been down to 717.624 million USD. The market cap of IOTA coin has been on the slope since November 14.

The 20 days MA is at 0.257353 USD, and it’s 50 days MA stands at 0.257546 USD. Its current price at 0.25791586 USD is 0.14% and 0.21% higher than the 50 days and 20 days moving averages, respectively. As per the current price trend, IOTA’s next halt may come at 0.2645 USD as its next resistance.

IOTA (MIOTA)Resistance and Support Levels
1st Resistance$0.26453
2nd Resistance$0.27053
3rd Resistance$0.27552
1st Support$0.25353
2nd Support$0.24854
3rd Support$0.24254
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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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