IOTA Raises the Bar with a 3.065% Increment Overnight

  • IOTA gains 3.065% over the last 24 hours.
  • The next resistance may come at 0.2933 USD.

IOTA has got a 3.065% hike over the last 24 hours and the current trading value of IOTA has now touched 0.28 USD. It has been through three major price swings in these 24 hours and there is an overall uptrend in the price movements of IOTA.

IOTA Price Analysis:

IOTA’s first swing started at 00:05 UTC and over the next 11 hours and 30 minutes, it went as high as 0.2835 USD after a 2.46% hike. It was followed by a decline in the value by 1.86% and this swing took the value to 0.2782 USD. From 17:59 UTC, IOTA started showing signs of strength and over the next 9 hours and 8 minutes, it went one adding 2.84% or 0.00789715 USD that pushed the value to 0.28613447 USD.

The market cap of IOTA has also witnessed a hike. The market cap on October 14 was at 791.23 million USD whereas it rose to 796.94 million USD, today.

IOTA Price Chart

IOTA’s current trading price is going way above its 50-day and 20-day moving average. Its 50-day average is at 0.2625 USD whereas 20-day average is going at 0.2726 USD. The current price trend is 8.62% and 4.58% more than the 50-day average and 20-day average respectively. The next resistance for Iota may come at 0.2933 USD.

IOTA (MIOTA)Resistance and Support Levels
1st Resistance$0.286
2nd Resistance$0.289
3rd Resistance$0.293
1st Support Level$0.280
2nd Support Level$0.275
3rd Support Level$ 0.273776333

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