IOTA Shows Buy Signals

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.

Source: CoinCheckup

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


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