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Price Analysis

Will IOTA Price Sustain the Bear Pressure?

The ongoing bearish trend in the market has dulled the hopes of the crypto community. Over the past 5 days, the price of IOTA has been hugely fluctuating in the flattish range of $0.22 – $0.24.

Latest Statistics of IOTA:

As on September 10, 2019, at 6:07:14 UTC, current statistics are as below:

  • IOTA price is trading at $0.2387
  • The Market Cap is at $662,819,983 
  • 24-hour volume is at $3,551,402
  • ROI is at a negative 62.65%
  • Circulating Supply at a healthy 2,779,530,283 MIOTA

IOTA to USD Price Comparison:

IOTA Price
IOTA Chart By TradingView

The above 5-day IOTA price chart shows the fluctuations are happening due to the ongoing bear sentiment in the market. On September 05, the price was at $0.2495. In a matter of a day, the price of IOTA went down to $0.2292, which was to the tune of 8.08%. Within the next day, IOTA price rose to $0.2478 to the extent of 3.12%. In a matter of next 15 hours, the price fell to the extent of 5.89% at $0.2332. Today, IOTA price is at $0.2387, which is higher by 2.35%. The price has been moving in a very narrow range, though going through a lot of volatility due to the bear pressure.

IOTA Price Prediction: 

Traders may have to wait for some more time before IOTA price starts showing some amount of stability as the market is still very volatile, though bulls are working on making a comeback. As per past data and analysis, analysts feel the future potential of IOTA will get its investors back to the community, and the price should be able to get steady and going up by the year-end.

Investors can tune in to the current bearish sentiment and invest from a long-term perspective. Short-term and intraday traders can make gains if they time their trading properly.

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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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