IOTA was trading as low as $0.2705 on October 9, 2019 and post which it rose to the level of $0.2848 with a 5% growth on the same day. Over the next few days the movement for the coin was uneven. It was being traded at the lowest price of $0.2670 on October 11, 2019. Post the said date it looks like it has managed to gain the efficiency. Due to the uptrend it reached the highest price of the said time frame at $0.2850 yesterday, creating a double top and while writing this analysis, the movement remained to be bullish.
IOTA to USD Price Analysis:
IOTA indicates an uptrend by 5.22% when compared to the price drop of October 11, 2019. Today, IOTA is expected to be traded in the price range of $0.2781 and $0.2809. As per the present movement, the investors can either go long or short with their investments in IOTA. The MACD indicator also points that IOTA is rising upwards with a bullish crossover. Over the past several days the coin has witnessed many sharp rises and some drastic falls as well. Hence it is recommended to trade from a long-term as it can attain a notable height.