- IOTA price exhibits high signals for the upsurge
- Intraday trading could be profitable
The crypto market is currently dealing with volatility. The coins are also affected by the same, but alongside there has been an upsurge noted amongst them. Amidst the fluctuation, IOTA has also been performing well. There is a high possibility for the coin to deal at an astounding digit in the future.
Yesterday, IOTA was seen touching a high at $ 0.276 and a low at $ 0.268741 with a trading volume of $5,713,986. Let’s have a look at the price chart.
IOTA Price Analysis:
IOTA started trading in the month of August month at $0.293. The price escalated to $0.299 by 2.06%. Further, the price fell to $0.216 by 27.73%. There was an improvement in the price that brought it up to $0.280 by 29.53%. The month closed at $0.248 by 15.20% regression. Next month brought escalation in price. The coin began at $0.248. Later, the price jumped to $0.318 from $0.231 by 37.36%. The price fell immediately to $0.227 by 28.60%. The month closed with a recovery of 21.81% as the price reached $0.276. The current month seems to be caught amid $0.289 and $0.269.
IOTA is showing the improvement indication from the previous month. The current month is also expected to book an upsurge, but looks like volatility of the market is affecting the momentum. As per the current statistics, IOTA has already reached near resistance level 1 at $0.272. Take a look at the support and resistance chart of IOTA.
|Resistance Level||Price||Support Level||Price|
We are expecting an early uptrend in the coin. The traders interested in IOTA should opt for long-term investment to book a colossal profit.
IOTA Embarks Slight Improvement Over the Last 24 Hours
IOTA price movement has a history of astounding traders. The currency is popular for its hasty speed. The traders who have invested in the coin must be aware of the result-yielding proportion. The coin is anticipated to give good results to the traders.
The currency started dealing with the bear since the opening hours. However, recently, IOTA is seen marking improvement. The same has spiked hope among the intraday traders that the coin might fight the market pressure and close the day with a profitable digit.
IOTA Price Prediction
Yesterday, IOTA started dealing at $0.25818. The price slipped to $0.25410 within the next few hours. Later, the price escalated to $0.26848 by 5.6%, marking it as the highest point of the day. The price slipped to $0.2584 by 3.73%. Later, the IOTA price again picked up and touched $0.2662 by 3.05%. The currency dropped to $0.2634 by 1.10% in the later hours. The intraday movement of the coin reflected an overall improvement of 2%. Today, the coin started dealing at $0.2634. The price slipped to $0.2578 by 2.11%. Recently, IOTA has embarked uptrend once again. The price is currently dealing at $0.26223.
Unlike many other coins in the market, IOTA is currently indicating improvement. There are many coins in the market that are dealing at or below the major support level. Here, IOTA hasn’t breached the immediate support level. IOTA is recommended for long-term investors as it would bring the traders their desired return.
IOTA price analysis: IOT/USD catapults above $0.2660
- IOTA broke free from the recent tight range.
- IOT/USD may continue growing towards $0.2700.
IOTA, the 18th largest digital asset with the current market value of $748 million, has been growing strongly been growing on Thursday albeit the sell-off on a broader market. The coin has gained over 3% on a day-to-day basis. The coin hit $0.2679 high during early Asian hours and retreated to $0.2662 by the time of writing.
IOTA’s technical picture
IOTA is one of the best-performing coins on Thursday. The coin has been range-bound for several days after hitting the low at $0.2569 on November 11. However, a strong move above SMA50 (Simple Moving Average) 1-hour located on a psychological $0.2600, inspired a sharp growth towards the next barrier at $0.2663 (SMA200 1-hour). The price attempted a move above this hurdle but retreated back so far. Once it is out of the way, the upside is likely to gain traction with the next focus on $0.2700.
On the downside, the first line of support is identified at $0.2600-$0.2580. It coincides with the lower boundary fo the recent consolidation range. If it is broken, the sell-off is likely to gain traction with the next focus on $0.2569 (November 11 low) and $0.2438 (October 23 low).
IOT/USD, 1-hour chart
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IOTA’s Co-Founder Sells His MIOTA Coins, Community Led to Believe IOTA Goes Beyond Crypto
IOTA’a co-founder Sergey Ivancheglo says he quits working in crypto and has sold all of his crypto holdings, some now believe that IOTA’s overgrown being a mere coin
A short while ago, one of the IOTA founders, Sergey Ivancheglo stated that he leaves the cryptocurrency sphere and sells all of his MIOTA coins. That was announced during a Discord AMA session, reports Micky.
Leaving IOTA for good
Ivancheglo said that he leaves the IOTA Foundation so as to avoid the conflict of interests since he also works for other blockchain projects. He confirmed that his work on Qubic and Aigarth (both are IOTA-based projects) will continue. However, he does not want to deal with crypto any longer.
Ivancheglo did not name any other particular projects he is engaged with.
Earlier this year, in summer, he quit the IOTA’s board of directors and since then worked as an independent IOTA developer.
The community believes IOTA is much more than crypto now
In the comment thread, some of the IOTA community members assumed that Ivancheglo is quitting and selling all of his MIOTA stack due to one big reason – IOTA has evolved into a real protocol instead of being a mere cryptocurrency.
However, opinions split here.