IOTA price movement has been under a lot of pressure from the last few days. In the last seven days, IOTA, which was at 0.203448 on December 10, 2019, is now around $0.185. The tremendous fall is speculated to remain locked with the currency for some time.
The entire crypto market is facing a similar trend. The expectation of any early recovery seems faded. The movement of the IOTA coin is disappointing the traders. The current market cap is noted as $519,910,436.
IOTA Price Analysis
Yesterday, IOTA cryptocurrency started dealing at $0.18890. The price slipped to $0.1867 by 1.09%. There was a slight recovery immediately after the fall that took the price to $0.188. The coin kept trading around $0.187 with slight ups and downs. Later, the price jumped to $0.190 by 1.86% hike. The coin couldn’t hold itself and fell to $0.188 by 1.18%. The price escalated to $0.190 by a marginal hike. The currency dropped to $0.187 by 1.51%. With a slight recovery of 0.92%, the coin touched $0.188 and then fell to $0.186 by 1.49%. IOTA price moved to $0.188 again, but the closing hours brought the price to $0.187. The intraday movement reflected a 0.52% loss in the price. Today, the currency started the day with a bearish trend. The price counters moved from $0.187 to $0.185 by 1.06% drop. There was a slight recovery in the coin that took the IOTA price to $0.186.
IOTA Price Prediction
IOTA price is currently dealing at $0.186. A few hours ago, the coin was at $0.185, which was quite near to the immediate support level. However, it didn’t violate the immediate support level and is reflecting a slight recovery. We are anticipating that the day might end with IOTA moving around $0.185.
The traders interested in IOTA are recommended to opt for long-term investment. The specified period would bring the desired result for the traders.