IOTA Price Analysis: IOTA (MIOTA) Trend Sweeps Below Baseline

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The crypto market is still very volatile, which is adversely impacting almost all altcoins, including IOTA. No matter how brilliant projects IOTA tries to bring out to increase its trading value, but according to the major crypto enthusiasts, the maximum of these projects are going to be failed this year. According to IOTA Price Prediction analyst, till the end of 2019, it is expected that volatility will not subside. So, this makes it obvious that in the upcoming days, the condition of IOTA will be the same or worse.

IOTA (MIOTA) Current statistics:

Price in USD: 0.4048 USD

Price in BTC: 0.00003481 BTC (UTC 09:04)

Circulating supply: 2,779,530,283 MIOTA

Market cap: $1,134,728,850 USD

Market rank:  17

IOTA Price analysis and future price predictions:

From the above 5-day IOTA chart, it is understandable that from 22^nd to 28^th of June, IOTA has maximally traded in the bullish ranges. Although it got fluctuated at frequent intervals and also intermediate bearish trends are noticed, but still, it tried to hold on to its bullish limit. On 24^th June, it was traded at a bullish range of 0.4608 USD. On 26^th June, it attained a good height of 0.4863 USD. But since the night of 26^th June, it again started repeating its downside momentum. Yesterday, it was traded at a value as low as 0.3705 USD. So, considering these two price points, it is evident that the liquidity of IOTA is very high and that is the reason why within one day, there is such a great shift in the trading values of IOTA. Within a span of 5 days only, the value of IOTA (IOTA to USD) has been reduced by 12.15%. Considering the above facts, we think that in the upcoming days, IOTA can trade around $0.4327.