IOTA (MIOTA) Regains $0.15 Mark Despite Moderate Bearishness

IOTA cryptocurrency has been reeling under constant bearish pressure for the past few days. In the last seven days, it has shown a moderate decline and reached a new low at $0.153. However, crucial support at $0.147 may hold it for some time and give it a buffer period for initiating recovery.

IOTA Price Analysis

IOTA (MIOTA) Price News
IOTA/USD Chart By TradingView

IOTA/USD started dealing at $0.156791 on April 15, and over the next 24 hours, the coin faced a sharp decline, which took the price to $0.1429 by 8.81% fall. Then, on the same day, the currency reflected strong recovery and managed to trade above $0.15 mark, and continued to trade upwards. On April 18 at 22:40 UTC, the price spotted at $0.1642 by registering a huge hike of 14.91% from the low of $0.1429.

Later, the coin couldn’t avert the bearish pressure and lost 10.68% value by April 20. Between April 20 & 22, IOTA marked a slight recovery and registered a 4.88% hike that took the price to $0.1538.

As the past seven day’s price trend, IOTA may not show any signs of a strong recovery. However, it may manage to trade above the current price point in the upcoming days. The medium-term outlook remains bullish for the coin.

Paul Jolin

Paul Jolin is an economist having experience in financial research. He joined CoinNewsSpan in 2017 and since then has been working with the team to offer best price analysis and review stories on the crypto space. He is optimistic about blockchain technology's use cases in terms of financial freedom. He also has experience as an independent trader.

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