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Will Bears Continue to Gain Control Over IOTA (MIOTA)?

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IOTA price has not been able to do well during this year as its price has performed very badly, being below the baseline for most of the time. The currency has been fluctuating in the narrow range of $0.26 – $0.28 from the beginning of the month.

IOTA Price Prediction

IOTA has not been able to recover from its downward price movement, and the price has been continuously below the baseline, as seen from the 5-day price trend. On November 01, the price was at $0.2695. Still being below the baseline, the price moved slightly up at $0.2765 on the next day, and the upward movement was to the tune of 2.53%. Then, IOTA price fell to the extent of 2.93% on November 03 at $0.2686.

There was a slight recovery on November 05, when the price reached $0.2755 by 2.62% hike. On the same day, however, the IOTA price again went down to $0.2699 by 2.05% drop. Today, the coin is trading at $0.2813, showing an upward movement at 4.26%. This shows that IOTA is trying to release its grip from the bears.

IOTA Price Chart
IOTA Chart By TradingView

The downward trend for the IOTA price continues as the bears continue to exert pressure on its price. With the price continually below the baseline, nothing much can be expected from the coin. However, as per the current trend, analysts expect the fortune to change for the coin by the year-end. Traders should continue to hold on to their investments as IOTA is expected to give considerable returns in the long-term. Day traders may not gain much in the current downward trend experienced by the coin.

Source.cryptonewsz.

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IOTA

IOTA Embarks Slight Improvement Over the Last 24 Hours

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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.

IOTA Price
IOTA Chart By TradingView

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.

Resistance LevelPrice
R1$0.270999
R2$0.276885
R3$0.28353
Support LevelPrice
S1$0.258468
S2$0.251823
S3$0.245937

Source.cryptonewsz.

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IOTA

IOTA price analysis: IOT/USD catapults above $0.2660

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  • 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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source:fxstreet

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IOTA’s Co-Founder Sells His MIOTA Coins, Community Led to Believe IOTA Goes Beyond Crypto

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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.

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