IOTA (MIOTA) Trades with a Bearish Pressure; Loses 3.20% Overnight

• IOTA has lost 3.20% on the last day and falls to $0.1613
• The next support may come at $0.15939

IOTA has followed the suit of many other major coins. Over the last 24 hours, it has shown three major price swings in the range between $0.166 and $0.158.

IOTA cryptocurrency was being traded at $0.16670 at the starting of the day, and over the next 8 hours, it lost 2.85% value and got placed at $0.16195. It was followed by a 1.74% price recovery that added $0.002818 to the value and pushed the IOTA price to $0.16478363 by 16:14 UTC. The currency again started weakening and lost $0.00611 to touch $0.15877 by 22:32 UTC. The current price of IOTA is trading around $0.16136254.

IOTA Price Prediction

IOTA has shown a significant loss in the market cap as well. On December 23, the market cap was 451.844 million USD, and it has been down to 451.371 million USD as of now. It should be noted that the coin has not been able to touch 500 million USD in the market cap since December 15.

IOTA’s 20 days MA stands at $0.16166792, and it’s 50 days MA is now at $0.16163564. It is currently at $0.16136254, which is 0.16% and 0.18% less than the 50 days & 20 days moving averages, respectively. There may not be any sudden hike in the value in the coming few days. You can click on our forecast page to know more about MIOTA price forecast.