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Price Analysis

Will IOTA Price Stabilize in the Bearish Market?

  • IOTA is continually affected by the bear pressure as seen from the 5-day price movement

Investors have been left high and dry by the ongoing volatility in the crypto market. The 5-day price chart indicates that IOTA price has been trying to recover in the upper range, but the bear pressure is making it difficult. The price has been fluctuating in the range of $0.23 – $0.25.

IOTA Price Analysis

The price of IOTA is still under bear control as seen from the 5-day price chart. From $0.2387 on Sep 8, the price went up to $0.2479 on the same day within 9h 40m to the tune of 3.85%. On the following date, the price had gone down to $0.2344 by 5.65%. Then on Sep 10 in 1d 11h 15m, the price made a recovery at $0.2422 to the tune of 3.39%. However, on Sep 11 in 16h 5m, the price of IOTA had fallen by 3.54% to $0.2336. It then moved upwards on Sep 12 in a matter of 17h 55m at $0.2387 to the extent of 2.16%. The current price is at $0.2365 which is lower by 0.92% from the latter price.

IOTA Price Chart
IOTA Chart By TradingView

IOTA has a lot of potentials but that has not helped it in the current bearish market with the prices continually being in the lower range. The current trend is expected to run for the short-term. Analysts expect IOTA to bounce back with its great potential and get stable by end of the year.

Investors can consider this opportunity and invest for a long-term. Short-term and intraday traders may not be able to make much gains in this current volatile scenario.

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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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