IOTA Faces Inability to Gain Back the Bullish stand; Trades Around $0.252


IOTA price comparison over the past five days reflects the bearish trend today. It was trading as high as $0.027135825 on October 19, 2019, marking a bullish movement. The same trend continued with the coin being traded at $0.27375324, on the next day as well. On October 21, 2019, there was a fall in the price, and IOTA was being traded at $0.26425906. The coin did bounce back from the fall and was being traded at the highest price of $0.27574501 on October 22, 2019. The lowest trading price was $0.24549147 yesterday, which was due to a couple of sharp falls. While writing this analysis, the trend was a downward one.

IOTA Price Analysis:

IOTA Price

IOTA indicates a downtrend by 8.32% when compared to the trading price of October 22, 2019. The same trend seems to continue in the upcoming days as well, as rightly exhibited from the current momentum and bearish trend.

Today, IOTA is expected to be traded in the range of $0.24855924 and $0.25760783. The coin is currently shouldered with constant selling pressure due to the continuous bear presence. The CMF indicator also shows that IOTA is reflecting a bearish trend. It is suggested to trade from a long-term basis as it has the potential to attain great heights.

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