IOTA Value Drops by 3% in Past 24 Hours; Exhibiting Moderate Volatility


DOM Schiener, Co-founder of IOTA recently talked about the true goals of IOTA. IOTA is working upon becoming the trusted layer of digital society and the digital economy. Keeping that in mind, IOTA is planning further partnerships with big digital brands soon.

IOTA to USD Price Analysis:

IOTA is currently trading at $0.2666 at 06:53 UTC as on October 7, 2019.

Yesterday, IOTA was initially seen trading at $0.27737 around 00:03 UTC. The price of the coin from then dropped by 3.08% at 14:37 UTC, with IOTA trading at $0.2688. A slight escalation of 2.39% was then noticed at 15:33 UTC when the value increased to $0.2752 just to drop again by 3.91% to the lowest of the said time frame at $0.2645.

Today, the price of IOTA escalated by 2.43% from the latter price mark, trading at $0.2709. However, the current trading price is the result of a 1.30% drop.

IOTA trades below the baseline with moderate volatility. So, this might turn out to be an ideal time for the traders to invest for the long-term. However, as per the current market scenario, we believe that the current fall will linger for some more time until ground stability is achieved.

The resistance and support levels are calculated as follows:

Resistance Levels:

R1: $0.275, R2: $0.281, R3: 0.285

Support Levels:

S1: $0.266, S2: $0.262, S3: $0.2570

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