IOTA Bounces Back Well, Prices may Rise Further

IOTA was priced at $0.25 on 14-Aug-19, and the movement of the coin was bullish. There were two sharp falls, and the price of the coin fell to the level of $0.22 on the same day at 17:05 UTC. The next day prices did rise, however, fell again to the same level of $0.22. Since 15-Aug-19 from about 20:35 UTC, the coin seems to have managed to pick up its pace and has slowly started to rise upwards. The coin may be traded today in the range of $0.24 and $0.25.

Let us look at how IOTA has performed:

IOTA Chart By TradingView

Current Data of the IOTA to USD:

• Ranking of the coin today is at number 19.
• As per 05:15 UTC today, the Market Cap value of the coin was 691,201,859 USD.
• The price of the IOTA coin is $0.24 at 05:30 UTC.
• 24-hour volume numbers are $5,398,354.
• 2,779,530,283 IOTA coins are now being circulated.
• The coin offers an ROI of -61.01%.

IOTA Price comparison and Future prediction:

If we compare the price of the coin since the lowest value which was $0.22 on 14-Aug-19 at 17:20 UTC and the present price, the coin is at present indicating a bullish run by 9%.

We believe that IOTA may rise to the level of $0.25/0.26 by the end of the day tomorrow as the movement of the coin indicates an upward rise. IOTA may trade in the range of $0.40 to $0.44 in this month.

Conclusion:

IOTA’s present trend indicates that this is a good time to sell the existing coins in hand. The MACD indicator also points out that the present movement of the coin is a bullish one as it is showing signs of a rise. IOTA has managed to bounce back reasonably well since its fall to the level of $0.22. Trading in the long may prove to be profitable as the coin can reach as high as $0.6 after about a year or so.