Bears Still have a Strong Hold on IOTA Price


IOTA was valued at $0.25 on September 03, 2019. The price of the coin saw many rises and falls until 6th September. After that, due to a very sharp fall, IOTA price reached $0.22 at 20:00 UTC. From the next day onwards, IOTA seems to have gathered back its momentum and reached as high as $0.24 on September 08, 2019 at 15:00 UTC. However, it was not able to maintain its efficiency and price dropped again today. The coin has managed to recover reasonably well now despite the fall since the past 3 days.

IOTA Price Analysis:

On September 03, 2019, IOTA was priced at $0.2526 and comparing it with the current price; the coin indicates a bearish run by 8%.

We anticipate that IOTA price may be in the similar trend for some time and can reach close to $0.2287 by tomorrow. In this month, IOTA may be traded in the range of its significant support and resistance levels, $0.2329 and $0.2572 respectively.

For short-term gains, traders can go ahead and purchase the new coins as the price has remained between $0.23 and $0.25 without any drastic rise or fall as such. The MACD indicator also highlights that at present, IOTA is moving downwards.

IOTA to USD Price Chart by TradingView

IOTA Price

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