IOTA Records a 3.17% Slump; Now Trades at $0.27

• IOTA loses 3.17% to touch 0.27 USD in last 24 hours
• The immediate resistance for IOTA is expected to meet at 0.2814 USD

IOTA’s growth has been stalled as it has lost 3.17% over the last 24 hours. The value against USD has now gone as low as 0.27 USD.  The three price swings have brought in a range between 0.282 USD and 0.265 USD.

IOTA Price Analysis

IOTA’s first price variation began at 01:28 UTC, and by 09:35 UTC, it lost 1.05% to reach 0.27817986 USD. The second variation started at 10:09 UTC, and in the following 5 hours and 51 minutes, it brought a 5.01% deduction that cost it 0.014 USD and pushed the value to 0.26545300 USD. It witnessed a 2.75% hike between 16:00 UTC and 23:56 UTC, and this hike added 0.00730240 USD to the value and placed it at 0.2726 USD.

Along with the value against USD, the market cap of IOTA has also taken the hit. On October 16, the market cap was at 759.3 million USD, and now it has fallen to 753.8 million USD.

IOTA’s 20-day average and 50-day moving average is at 0.27298756 USD and 0.26321701 USD, respectively. The current trend is now at 0.27007415 USD, and it is 2.60% more than the 50-day moving average whereas 1.06% less than the 20-day moving average. As stated in IOTA Forecast, the immediate resistance for IOTA is likely to come at 0.2814 USD.