Categories: Altcoins

IOTA Price Analysis: IOTA Price Recovery Indicates A Better Day For Intraday Traders

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  • IOTA is seen recovering on the price chart after a heavy drop.
  • Intraday traders can expect a better day ahead.

IOTA was seen in the recovery mode from the beginning of the week. However, there was a huge setback for the traders yesterday. The coin took a tremendous dig on the price chart. The coin opened today with a loss, but the current scenario is giving hope to the traders. We are looking forward to the coin to improve in the intraday chart. Let’s have a look at the price chart.

IOTA/USD Price Chart:

The chart is taken from Trading View on 22nd August 2019 at 05:18:56 UTC for price analysis.

IOTA Price Chart by TradingView

Looking, at yesterday’s chart, the coin is reflecting a heavy price drop. Starting from yesterday morning, the coin dropped by 5.22% from $0.25 to $0.23. The coin kept falling and touched $0.23. The coin started recovering from $0.23 and closed the day at $0.24 with an escalation of 3.39%. Today, the token opened with a drop of 2.81% from $0.24 to $0.23. The coin, further, recovered from $0.23 to $0.24 by 2.59%.

Current Statistics of IOTA:

ParticularsIOTA
Price$0.241889 USD
Market Cap$672,338,560 USD
Circulating Supply2,779,530,283 MIOTA
24hr Volume$4,755,468 USD

IOTA Price Prediction and Conclusion:

IOTA price chart has spiked hope. The coin could soon be seen recovering. The altcoin market is anticipated to start a price rally soon. The same could help the traders to recover from their ongoing losses. The coin is speculated to have a great future ahead.

We are assuming that the coin would be seen dealing around $0.50 by the end of 2019. In the coming years, the escalation could bring a 6% to 7% profit in the coin. The coin is recommended for long term traders as it would give the best result in the specified period.

Intraday traders can expect a better day ahead.

IOTA was seen in the recovery mode from the […]

cinerama

Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

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