IOTA (MIOTA) Gains 7.47% in a Day; Price May Cross $0.2490 Soon

The overall bullish market trend seems to be helping many significant coins, including IOTA. Yesterday, it managed a hike of 7.47%, and the current value remains around $0.2487. This upsurge may get followed by a short stint of price correction soon.

IOTA Price Analysis

IOTA begins the day at $0.2314, and in the next 8 hours and 53 minutes, it went as high as $0.2382 by 2.94% hike. Then again, the price increased by 3.54% value that pushed the IOTA price to $0.2450 by 18:00 UTC. The last variation happened between 19:11 & 00:28 UTC. Over these 5 hours, the currency’s price increased by 2.72% and touched the apex point of the day at $0.2493.

IOTA NewsIOTA’s current price at $0.2487 is trading above its short-term daily moving averages viz., 20 & 50 days with a marginal gap of 0.3%. The coin may witness a short stint of price correction anytime soon. However, in the upcoming days, it may get to the next resistance point at $0.2493. Intraday investors need to be cautious of the subsequent short stint depression in the value of IOTA.

Resistance and Support Levels

R1: $0.2493, R2: $0.2537 & R3: $0.2625

S1: $0.2361, S2: $0.2273 & S3: $0.2229

Erica Lee

Erica is a finance professional who has over a decade of experience in the finance sector as a management consultant. After years of reporting on forex, stock markets, and finance, she now contributes her strong financial skills with the CoinNewsSpan team. Since 2014, she has been deeply involved in the blockchain and cryptocurrency space. She believes that blockchain technology has tremendous potential to make our lives better.

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