IOTA’s Intraday Movement Scares the Traders

• IOTA price falls below the 7-day low and creates a new counter at $0.196
• The intraday movement scares the traders

IOTA was spotted dropping to the 52-week low at $0.191 during the previous week. Today, the coin is indicating that it might drop below the same and set a new low. The currency has already crossed the 7-day low. As per yesterday’s statistics, IOTA was dealing as high as $0.208870 and as low as $0.200345. The volume of IOTA was marked as $7,216,499. Here is the intraday chart of IOTA, let’s have a look at the same.

IOTA/USD Price Chart:

Yesterday, IOTA started dealing at $0.2079 and the price escalated to $0.2099 by 0.84%. The currency dropped to $0.2013 in the later hours by 3.95%. The currency hovered at the same level for some time which further escalated to $0.2047 from $0.2014. The IOTA price kept trading around the same for the rest of the day and closed at $0.2036. The intraday movement in IOTA brought a regression of 2.15%. Today, IOTA opened with a heavy fall of 3.57% and it touched a low at $0.1964. The currency remained around the same level before dropping to $0.194 by 1.91%.

As per MIOTA Forecast, the coin is speculated to bring losses for the intraday traders. A few hours ago, IOTA was hovering below the next support level and indicated movement towards the key support level. However, the momentum has improved, but still the coin is below the immediate support level. Here, take a look at the resistance and support level chart.

IOTA is recommended for the long term traders. The short term might not bring the desired return to the investors.