IOTA (MIOTA), Moderate Volatility and Falling Wednesday: Is it Time to Cash Out?

Wednesday, August 17, 2022 06:23 PM | InvestorsObserver Analysts

IOTA (MIOTA) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Wednesday, the Digital Money has declined 5.38% to $0.3197443612.

InvestorsObserver is giving IOTA a 29 Volatility Rank. Find out what this means to you and get the rest of the rankings on IOTA!

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Moderately Volatile

InvestorsObserver gives IOTA a moderate volatility rank of 29, placing it in the bottom 29% of cryptos on the market.

The Volatility Gauge takes into account this makes its score defined by recent trends, rather than a bad day. MIOTA's moderate volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.

IOTA price is trading near resistance. With support around $0.311050402864673 and resistance at $0.321305650219181. This positions 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.