- IOTA gains marginally and touches $0.28853 overnight
- The continuation of an uptrend may help the coin to reach the next resistance point at $0.314128
The unpredictability in the market has impacted the performance of the IOTA coin as well. Over the last 24 hours, it has been through immense volatility. However, there is an overall gain of 0.48% in this period.
IOTA Price Analysis
Yesterday, IOTA (MIOTA) started dealing at $0.28713, and its first significant price shift happened between 05:24 & 11:39 UTC. In these 6 hours, the currency witnessed a price correction of 5.51% that took the value to the lowest point at $0.28132. It was followed by a massive hike in the value that added $0.02865 by 23:19 UTC. This 10.19% hike pushed the IOTA price to the highest point of the day at $0.30998. However, the coin couldn’t keep its head at this high for long. Soon it started trading downwards. By 01:31 UTC today, it lost 8.05% value and reached $0.28501.
IOTA’s current value at $0.28853 has managed decent leads over its 50 days MA (0.28694 USD) and 20 days MA (0.28809 USD). As per Trade99’s analysts, the currency may keep its current uptrend for some more days. However, no sudden hike seems possible, as of now. The next resistance point may come at $0.314128.