The cryptocurrencies are spotted under huge market pressure today. The coins are struggling in the bearish trend to keep the price locked but ending up in vain. IOTA has marked a 7% change in the 24 hours. The current trend in the coin is likely to stick around. The intraday traders are anticipated to bear the loss in IOTA. The growth is likely to embark with a delay. The traders are eyeing for the pressure to lift soon.
IOTA Slumps Nearly 8%, Eyes $0.169
Yesterday, IOTA started dealing at $0.01878. The coin locked itself at the same level for quite a long time. The price slipped to $0.185 from $0.187 by 0.78% in the later hours. The coin struggled and jumped to $0.188 by 1.53%. The uptrend soon left IOTA, and the coin first dropped to $0.187 by 0.79% and later touched $0.172 by 7.90%. The tremendous fall was followed by a slight recovery that took the IOTA coin to $0.176 by 2.11%. The moderate recovery faded as the price slipped to $0.173 by 1.72% and closed the day. The intraday movement in IOTA currency carried a 7.86% loss in the price. Today, the opening hour brought a fall of 0.89% as counters moved from $0.173 to $0.171. There was an improvement in the price that brought the price up to $0.174 by 1.93% hike. Recently, IOTA came under the pressure and dropped again.
As per our experts and MIOTA Predictions, IOTA cryptocurrencies are speculated to drop to the immediate support level at $0.169 in the coming hours. The possibility of improvement and touching the immediate resistance level is extremely thin. The traders interested in IOTA are recommended to opt for long-term investment. The short-term might give the desired result to the traders.
| Resistance Level | Price | Support Level | Price |
| R1 | $0.184814 | S1 | $0.169743 |
| R2 | $0.194817 | S2 | $0.164675 |
| R3 | $0.199885 | S3 | $0.154672 |
