IOTA (MIOTA) price did not have a good start to the year and has performed mostly below par. However, for the past 30 days, the price of IOTA had shown remarkable recovery and managed to be in the upper range for the most part of the time. The price was seen trading around in the range between $0.15 – $0.217.
IOTA Price Analysis
IOTA price has been able to maintain its momentum even under continual bear pressure, as seen from the 30-day price trend. The price was seen being mostly in the upward range. IOTA price was at $0.2175 on December 30. This momentum was maintained for the most time during the past 30 days. However, with the bears putting continual pressure, the price of IOTA cryptocurrency went below the baseline on December 18 at $0.1536, the downward movement was to the extent of 28.99%. The price of IOTA managed to get back and showed an upward rally at $0.1663 on December 22. The bears are in full swing as the price has again fallen to $0.1542.
IOTA has been trying to regain its lost price momentum in the upward range and has succeeded for the most part of the past 30 days. Trade99’s analysts feel that if IOTA continues to hold its current stable momentum, then the road to recovery would be easier for the coin in the coming months and it would be able to hold itself against the bears successfully.
Investors should show a little more patience and hold on to their investments for a longer period. Day traders can continue to trade while keeping a cautious approach.