IOTA (MIOTA) had been mostly trading with slow and steady movement over the past 30 days due to the overall bearish impact. However, the coin has managed to pick up and surge ahead in the last few days. It has to be seen whether the trend would be continued in the coming days. The price of IOTA coin has been fluctuating in the range between $0.15 -$0.25 over the past 30 days.
IOTA Rallies 48% Despite Volatility
In the last 30 days, the IOTA price managed to have a steady upward swing. On December 25, 2019, the price was trading at a low of $0.1522, and then it managed to have a recovery to the extent of 11.14% in the next four days. After this hike, the currency faced a moderate downside movement of 7.50% and the price touched $0.1577 on January 03, 2020. Still, IOTA managed to fight back with a good upward swing at $0.1946 showing a good upward movement to the tune of 23.68%.
After the huge hike of 23.68%, the coin again had a fall on January 10, 2020, at $0.1710, showing a downward variation of 11.85%. This did not deter the price of IOTA and it made a brave attempt to rise above this downturn and reached a high of $0.2538 on January 17, 2020, showing a jump of a huge 48.35%. Today the price has slightly fallen to $0.2294, the downward movement being to the extent of 9.61%.
IOTA price seems to have relented to bear pressure over the past 30 days though the past few days did see the price move in the upward direction. Analysts are positive on the ability of IOTA to withstand the bear pressure during 2020 and aim for a stable upward momentum. According to the IOTA Price Forecast, investors should hold on to the coin as in the long-term, it may fetch the desired results.
