IOTA (MIOTA), Low Volatility but Falling Friday: Is it Time to Cash Out?

Friday, January 21, 2022 08:55 AM | InvestorsObserver Analysts

IOTA (MIOTA) has been relatively less volatile compared to the crypto market. So far Friday, the Digital Money has declined 12.92% to $0.9400191147.

InvestorsObserver is giving IOTA a 22 Volatility Rank. Find out what this means to you and get the rest of the rankings on IOTA!

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Low Volatility

InvestorsObserver gives IOTA a low volatility rank of 22, placing it in the bottom 22% of cryptos on the market.

The Volatility Gauge tracks meaning that one day won't make or break its rank. MIOTA's low volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively narrow price swings and is well protected from price manipulation.

IOTA price is trading near resistance. With support around $0.862611997887529 and resistance around $0.955408681198992. This leaves IOTA with potential selling pressures ahead as it may be getting over extended.

What is a Coin?

A coin is a cryptocurrency that exists on its own blockchain. these are typically used for payments. Depending on the cryptocurrency, what those payments are used for may vary from general use in the Digital Money sub-class to more specific uses in some other sub-classes.