IOTA has been reflecting the flattish price movement since the ongoing month begins. The currency managed to recover from its price crash of March, and currently, it shows stable movement. If we look at the price trend of IOTA/USD since the ongoing year begins, the coin has undergone huge fluctuations due to immense volatility.
IOTA Price Analysis
IOTA currency has started the ongoing year at a low of $0.1592. However, it continued to trade with a bullish momentum and marked gradual hikes. On February 03, the price touched a high of $0.3817. At this high, the currency couldn’t manage and started trading downwards at a tremendous pace. Around February 27, the IOTA price spotted at $0.1966 after registering a huge fall of 47.26% from a high of $0.3817. After this massive decline, the coin continued to trade downwards and reached a low of $0.05944 on March 13.
Further, IOTA managed to gather momentum and started to recover from the previous loss. Later, the currency marked a steady upside movement until the end of April. After hitting a $0.18 mark, the coin turned flattish as it consolidated around $0.18 mark till today. However, yesterday, it breached $0.20 mark, but later, it corrected down to $0.185 at the time of penning down this analysis.
The MACD indicator reflects that the coin may continue to trade with upside momentum in the near-term. Currently, IOTA coin trades stably, but if it manages to persist the month-long upside trendline, According to the IOTA Price Prediction, it might cross its next resistance at $0.2206 in the upcoming days.
