IOTA down by 6% in the past 24 hours |

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IOTA down by 6% in the past 24 hours |

During the past 24 hours, IOTA has seen a 6% drop in price.

Like most of you, I’m still trying to wrap my head around the incredible amount of crypto I’m hearing about all the time. It’s great fun and a great way to expand my horizons, but it’s also incredibly confusing. I’ve lost track of how many new coins (and new terms) I’ve learned over the past few weeks, and it’s making me feel like I’m living in some kind of crypto-crazed world.

IOTA was on a massive surge over the weekend, but it’s currently down 6% after failing to break through the $1 barrier level.

Following a huge rise over the weekend, the cryptocurrency market has entered a consolidation phase over the last 24 hours. For the first time in weeks, Bitcoin broke over the $40k barrier, while Ether tried to break through the $2,500 barrier.

However, the bears have taken control, with Bitcoin trading around $37,000 and Ether trading below $2,300. IOTA has lost 6% of its value in the last 24 hours, falling to $0.70 after failing to break through the $1 barrier mark during its recent surge.

In the medium and long term, however, the prognosis for IOTA and the wider cryptocurrency industry remains favorable.

#Bitcoin has arrived. pic.twitter.com/3G53kucuGG

July 27, 2021 — Michaal van de Poppe (@CryptoMichNL)

IOTA Price Predictions

The IOTA/USD 4-hour chart is now in a negative trend. IOTA, on the other hand, is steadily rebounding from recent losses, having gained over 1% in the last hour. IOTA seems to be poised to surpass the $0.760 barrier and go higher at the time of writing.

IOTA down by 6% in the past 24 hours |

4-hour chart of IOTA/USD. Coinalyze is the source of this information.

The IOTA/USD pair may seek to exceed the 24-hour high of $0.8347 if positive sentiment returns and IOTA continues on its upward trajectory that began an hour ago. Unless the market rallies for a long time, the resistance level around $0.85 should restrict any possible gains. IOTA may try to break through the minor support point around $0.90 and move towards $1.0 in the case of a prolonged market surge.

The bears, on the other hand, have had control of the market for the last 24 hours and may continue to do so. If the trend from the last 24 hours continues, IOTA may lose the $0.702 support level. Any additional possible fall in value should be limited by the main support level formed at $0.63.

IOTA is down by 6% in the past 24 hours.. Read more about iota coingecko and let us know what you think.

IOTA is currently trading at $1.10, so its possible that it could reach 10 dollars in the future."}},{"@type":"Question","name":"Can IOTA ever reach 100 dollars?","acceptedAnswer":{"@type":"Answer","text":" IOTA is a cryptocurrency that has the potential to reach 100 dollars, but its not there yet."}},{"@type":"Question","name":"Is IOTA a dead project?","acceptedAnswer":{"@type":"Answer","text":" IOTA is not a dead project, but it does have some flaws that make it difficult to use."}}]}

Frequently Asked Questions

Can IOTA reach 10 dollars?

IOTA is currently trading at $1.10, so its possible that it could reach 10 dollars in the future.

Can IOTA ever reach 100 dollars?

IOTA is a cryptocurrency that has the potential to reach 100 dollars, but its not there yet.

Is IOTA a dead project?

IOTA is not a dead project, but it does have some flaws that make it difficult to use.

This article broadly covered the following related topics:

  • iota coin
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  • iota exchange
  • what is iota coin

About the author

Emilia James
By Emilia James

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