- IOTA slips with a moderate loss.
- Intraday trading might be profitable.
IOTA is a profit-making coin of the crypto market. The price movement in IOTA has been quite impressive and the price momentum of the coin has also attracted many traders. The ongoing quarter was a little disappointing for the entire crypto market. We are hopeful that upcoming quarter would bring the recovery in the price. In the last two days, IOTA has been seen struggling to keep the price up. Yesterday, IOTA was seen touching a high at $0.295017 and a low at $0.277692. To understand today’s momentum; let’s have a look at the price chart.
IOTA/USD Price Analysis:
The data feed is taken from Biftinex as on September 24, 2019 at 06:10:49 UTC.
Yesterday, IOTA started the day trading around $0.278. Later, there was a steep escalation in the price which took it to $0.293 by 5.29%. There was a fall noted in IOTA for some time after the upsurge. The price counters moved from $0.291 to $0.2827 by 2.84%. Later, IOTA recovered and had a marginal rise to 0.286 by 0.97%. Unable to hold, the coin again fell, and price slipped to $0.2806 again by 1.86%. However, IOTA managed to jump, and the price moved to $0.2888 by 2.40%. Towards the end of the day, the price slipped from $0.2895 to $0.2772 by 4.26% and closed around the same level. The intraday fall was of 0.41%.
Today, the currency started moving up and booked an escalation of 2.73% from $0.27 to $0.28. Unfortunately, the escalation was hampered by a fall that brought the price to $0.27 by 1.44%.
IOTA is expected to give a positive result in the upcoming days. The current scenario wouldn’t be attracting the investors, but the future prospects are quite promising.
The entire week was power packed for the IOTA traders. In this week, IOTA touched a high at $0.314939 USD and a low at $0.249705 USD. It is speculated that the subsequent week would give a better result than the current. IOTA is recommended for the long-term traders. It would give them desired return on the investment.