IOTA has got a 3.065% hike in the last 24 hours with the current trading price touching $0.28. In 24 hours, it witnessed three major price swings and there is an overall uptrend observed in the price movement.
IOTA Price Analysis
IOTA’s first swing started at 00:05 UTC and in the next 11 hours, it went up to $0.2835 after a 2.46% hike. However, a decline in value by 1.86% followed and this swing took the price to $0.2782. From 17:59 UTC, IOTA started to show tendencies of recovery, and in the next 9 hours, it went adding $0.00789715 by 2.84% hike that pushed the value to $0.28613447.
The market cap of IOTA has also witnessed a hike. The market capitalization on October 14 was at 791.23 million USD whereas it rose to 796.94 million USD, today.
The current price of IOTA is going way above its 50-day and 20-day moving averages. Its 50-day MA is at $0.2625 whereas the 20-day MA is trading at $0.2726. Currently, IOTA price is 8.62% and 4.58% more than the 50-day & 20-day moving averages, respectively. The next resistance for IOTA is likely to be at $0.2933.
|IOTA (MIOTA)||Resistance and Support Levels|
|1st Support Level||$0.280|
|2nd Support Level||$0.275|
|3rd Support Level||$ 0.273776333|