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. 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.
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.
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. 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.
Let us take a look at the IOTA/USD market and analyze where we may potentially head toward moving forward.
IOTA Price Analysis
IOTA/USD – MEDIUM TERM – DAILY CHART