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Can IOTA (MIOTA) Hold Its Recent Upsurge for Long-term?

IOTA seems to have been taking its share of upward growth as the whole market seems falling on the track. It is still early to say if this price recovery is going to stay still or an eyewash. IOTA has managed to boost its value by a whopping 3.35% over the last 24 hours, and now it trades at 0.162669 USD.

IOTA Price Today:

IOTA is one of the few coins that have been on a slope for the last 30 days. It has been sliding from 0.22214 USD and now crawls at 0.16266 USD. However, the recent hike may become the beginning of the end of tough times. IOTA coin started the last day with a 2.79% hike that stretched up the price to 0.1617 USD. However, a small and temporary period of correction came on the way and made it lose 3.93% by 12:03 UTC. After that, IOTA cryptocurrency seemed unstoppable yesterday. Between 12:03 & 01:03 UTC today, IOTA got raised by 4.91% that swelled the value to 0.1630 USD.

After a huge gap, IOTA seems to have brought some stability on the market cap front. IOTA’s market cap has been on the rise for the last five days and it currently is at 454.639 million USD.

Currently, IOTA price is at 0.162669 USD has surpassed its 50 days MA and 20 days MA by 0.04% and 0.06%. IOTA’s current price beefing up against the Moving Averages seems a bullish sign for the coin. Investors may have to watch for small and sudden surprises, but the overall near future is likely to get bullish. According to the MIOTA Price Prediction, we predict that IOTA’s next halting point may come at the resistance of 0.165299 USD.

Aarav Ghosh: Aarav Ghosh is a sub editor and contributor to NameCoinNews who specializes in covering latest stories and headlines of cryptocurrencies and blockchain. Additionally, he also covers latest news related to FinTech industry. He is a firm believer of next big transformation of world economy in terms of digitalization.