Trade99’s IOTA Price Analysis: IOTA bears pull down the price to $0.185

By January 8, 2020Altcoins
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Home Price Analysis Trade99’s IOTA Price Analysis: IOTA bears pull down the price to $0.185

IOTA coin has improved its momentum from the last couple of days. The entire market was seen dealing with the bulls. Although the price of the altcoins was rising, there was clear speculation of downtrend due to the heavy volatility. Hence, most of the coins are experiencing pullback pressure. The intraday traders in IOTA might have to bear losses today.

IOTA Price Chart


Yesterday, IOTA coin began dealing at $0.1843. Within the first few hours, the price escalated to $0.1899 by 3.01% hike. The currency slipped to $0.189 by 2.10%, and then, the IOTA price jumped to $0.1877 by 1.06%. Further, the coin jumped to $0.1968 by 4.78% hike. Later, the currency marked a heavy fall and the price touched $0.1893 by 3.71%. After that, the coin jumped to $0.1921 by 1.48% hike. The currency slipped to $0.1862 and closed the day. The intraday movement in the coin marked 1.05% progression. Today, IOTA currency began with an upsurge. The counters moved from $0.1862 to $0.1906 by 2.35%.

IOTA is currently trading with a downside momentum of around $0.185. As per the Trade99’s analysts, the chances of testing the immediate support level of $0.179 are quite high. However, if the trend reverses then, the price might reach the immediate resistance level at $0.194.

Resistance Level Price
R3 $0.209102
Support Level Price
S1 $0.17996

IOTA is likely to give flourishing results in the future. The coin is recommended for long-term traders. The specified period would bring the desired result to the traders.

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