IOTA (MIOTA) seems to be one of the worst-hit coins by the sluggish 2019 market trend. With many price fluctuations, it has been down by a whopping 57.13% in the last 12 months. IOTA value against USD has fallen to 0.1587 USD from 0.3703 USD.
IOTA Price Analysis
IOTA was being traded at 0.370356 USD on the first day of 2019. Its first major change started on January 02, and over the next 35 days, the coin got tapered off by 38.11% to find itself at 0.238820 USD. It was followed by a 114.57% increment that added 0.273619 USD and pushed IOTA price to its highest of the year point at 0.512440 USD by May 29. The next variation was a sharp decline of 55.37% that took the currency to 0.228709 USD by September 07. The declining line has been extended till today and it has constantly been pushing the value downwards. With a 48.91% contraction, the current value now roams around 0.160373 USD.
IOTA’s market cap on January 01, 2019, was 1.026 billion USD, and now it has been cut by more than a half to 446.014 million USD.
IOTA’s 50 days MA (0.199814 USD) and 100 days MA (0.235409 USD) have left the current trend (0.158763 USD) with a huge gap of 20.54% and 32.55% respectively. IOTA coin seems to be weakened, but it is not its worst point. The currency is likely to make a comeback in early 2020. As of now, the next resistance can be anticipated at 0.166774333 USD.