IOTA News

Will IOTA Break Above $0.2860 this Week?

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From the past five days, IOTA is trading in the range of $0.28 and $0.26. The coin was priced at $0.27478624 on October 6, 2019.From the next day, the price started to move upwards, and then, due to couple of sharp rises, IOTA reached the price of $0.28184859. With the same uptrend maintained, price rose further and reached the highest trading price of $0.28697936 on October 8, 2019. However, post the said date, the coin has not maintained its efficiency and at present indicates a downtrend.

IOTA Price Chart

IOTA Price Prediction:

Today, IOTA indicates downside movement by 5.58% as compared to the trading price of October 9, 2019. We anticipate that the same movement will continue for a few more days and it may face support at $0.2621. If we look IOTA’s price trend of past few months, it may surge further and reach up to its crucial resistance level of $0.3011.

As per IOTA’s present trend, you can purchase new coins as it may give a decent return in the long-term. Break Above $0.2860 May Lead to a Potential Price Rally for IOTA. The MACD indicator also confirms that the coin may reach new heights soon. Over the past five days, IOTA has witnessed several steep rises and falls and has not been able to maintain a consistent performance. Hence, it is advisable to trade from a long-term purpose as it can reach as high as its 90-Day high value of $0.3463 by the end of this year.

Resistance & Support Levels

R1: $0.2854, R2: $0.2936 and R3: $0.3011

S1: $0.2697, S2: $0.2621 and S3: $0.2540

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