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IOTA Price Analysis: IOTA prices decline by 2.26% since yesterday, bearish run to continue for few more days.

IOTA was priced at $0.25 on 20-Aug-19 at 00:00 UTC, slowly the price of the coin started to decline and reached as low as $0.23 on 21-Aug-19 at 12:00 UTC. Since 21-Aug-19 the coin has managed to gradually rise upwards. For the next 2 days, the movement of the coin was almost at the same pace. With a sharp rise in price on 25-Aug-19, the coin reached $0.27 at 09:00 UTC. However, from the past 2 days, the trend of the coin at the moment reflects that it is declining downwards. IOTA can be traded today in the range of $0.26 and $0.27.

Current Data of the IOTA

  • Ranking of the IOTA coin as on 27-Aug-19 is at number 18.
  • As per 07:30 UTC today, the market cost of the coin was 730,775,467 USD.
  • The price of IOTA coin is $0.26 at 07:43 UTC.
  • 24-hour volume numbers are $5,562,874
  • 2,779,530,283 coins of IOTA are being circulated.
  • The coin offers an ROI of -58.73%.

IOTA Price Evaluation and Long Term prediction:

If we analyze the price of IOTA since the time it reached an all-time high of the last week which was $0.27 on 25-Aug-19 at 09:00 UTC and the current price, IOTA indicates a bearish movement by around 3.7%.

We anticipate that the bears will continue to dominate the coin and IOTA may reach around $0.25 by the end of the day tomorrow. After about few days IOTA may be traded in the range of $0.26 to $0.27.

Over the past week, the coin has been traded in the range of $0.25 and $0.27. We recommended to sell the IOTA coins today, or you can go ahead and also purchase new coins, it is as per your discretion. The MACD indicator points that the IOTA coin is moving downwards.

Pauline Dorsey

Pauline Dorsey is a finance graduate. He is also a cryptocurrency analyst. He works on cryptocurrency news and also guides people who invest or deal with cryptocurrencies. He has keen interest in reading historical books and learns new things.

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