The trend of the IOTA coin was a downward one as on December 27, 2019, with the price being $0.15606072. After a few hours, the coin rose upwards by almost 3% before dropping back again. From $0.15968408, IOTA coin managed to present a 2.56% growth and reached $0.16377330 on the next day. The highest trading price was recorded at $0.16889777 which was on December 29, 2019, with a hike of 5%. At this price point, the currency was unable to maintain its efficiency; it started to dip and saw a drop of 4% the next day. There was a marginal rise marked yesterday with IOTA price reaching $0.16347998 but soon, the coin started to reflect a downward trend again.
The altcoin reflects a downward trend of 3% as compared to yesterday’s trading price of $0.16347. The present movement indicates a further drop with IOTA prices reaching around its next support of $0.1584 shortly.
Trade99’s analysts strongly recommend to hold the existing coins as per the trend noticed. The MACD indicator for IOTA also indicates bearish dominance. The previous five days’ price movement has seen several steep rises and falls with the bears gaining back control since the end of December 2019.