IOTA Struggles Another Day, Losses An Additional 0.80%

IOTA struggles another day and the cryptocurrency even lost an additional 0.80 percent in the last one day to touch 0.2664 USD as we are about to read further in the IOTA news today.

Iota will likely find its next resistance at 0.273 USD. IOTA has been down by 0.80 percent over the past 24 hours and the value against the US dollar has also been decreased to a point of 0.2664 USD. It has also been through three price swings over the last day in the range between 0.2657 USD and 0.2744 USD.  The cryptocurrency did manage to open the day at 0.26861392 USD and over the next two hours and approximately three minutes, it was down to 0.26570228 USD thanks to the 1.08 percent freefall. This was also followed by a slight hike of 3.30 percent and it also added 0.00877 USD and place further value at 0.
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27445749 USD by 19:36. The latest swing of IOTA happened between 19:36 UTC and then at 03:26 UTC which was a swing cost at 0.0083 USD and managed to push the value to 0.26598065 USD.

Like the value against USD, the market cap of IOTA has also been pretty badly injured and the market cap on October 20 was 752.93 million USD and it has been down to 440.40 million USD today which shows how IOTA struggles further. IOTA’s 20-day average stands at 0.2742717 USD and the 50-day average is holding at 0.26509259 USD.

At the start of spring in May, it turned out that the IOTA price could be better but at the onset of the bearish trend, the price went on a downtrend path. The YTD price charts show that the IOTA price is now moving in the range between $0.24 and $0.51. The price saw many variations as we can see from the charts. From the lower low of $0.2385 on February 5, the price reached a new high of $0.582 on April 8 to an extent of 51 percent. The price is now still sitting below the baseline and it fell to $0.2615 on May 08 and then fell to an extent of 27 percent.