Iota price has seen some ups and downs in the price range since the start of the year when it started on a high note but later the price got below the baseline as we saw in the IOTA News.
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. At the end of May, the price started a great rally and reached a high of 93 percent to $0.506 and the bears started their massacre on the crypto market and the IOTA price hit low again below the baseline price at $0.2480 on August 14. By the end of September, the price did slowly recover by 25.64 percent and was trading at $0.3115.
The current day trading price is standing at $0.2718 meaning that it is down by 12 percent, indicating that there is a presence of a huge bear pressure in the crypto market. As we can see from the latest crypto news, the IOTA price has been oscillating between bearish and bullish since the start of 2019. For the most part of the year, the price has been below the baseline and with a bearish trend still visible in the crypto market, the analysts expect that the price of Iota will be on the lower side for the short-term. At the end of the year, it will likely pick up just when the entire market is expected to show upward momentum. The investors should watch out for the price and hold on to their current investments and wait for the market to make a turn. The short-term investors and day traders can continue trading with a cautious approach.
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