The support in this area is further bolstered by the 200-day EMA, which currently hovers at the $0.40 level. We can see that IOTA/USD rebounded from this area to where it currently trades at around $0.4290. 5 Fibonacci Retracement level (drawn in green), priced at $0.3966. The cryptocurrency then went on to fall during the first week of Jun 2019, until recently reaching support at the.
IOTA Price Analysis IOTA/USD – MEDIUM TERM – DAILY CHARTĪnalyzing price action for IOTA/USD on the daily chart above, we can see that the cryptocurrency rolled over toward the end of May 2019 after reaching resistance around $0.55. Let us take a look at the IOTA/USD market and analyze where we may potentially head toward moving forward. Despite the recent price declines, IOTA is still up by a total of 36% over the past 30 days, with a further 52% price surge over the past 3 months. IOTA is now presently ranked in 15th place amongst the top cryptocurrency projects by market cap value, as it presently holds a $1.20 billion market cap value. However, after bouncing from the support at the 200-day EMA, it seems that IOTA is still on the bullish footing as it continues to show buy signals. The cryptocurrency had seen a precipitous price decline over the past 7 trading days – amounting to a drop of around -8.5% – after Bitcoin went through a rollercoaster of price swings. IOTA has seen a small price bounce totaling 3.35% over the past 24 hours of trading, bringing the current price for the coin up to around $0.4332.
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