IOTA (MIOTA) Up 4.18% Tuesday: What's Next?

Tuesday, March 22, 2022 07:55 PM | InvestorsObserver Analysts

IOTA (MIOTA) has been relatively less volatile when compared to other cryptocurrencies. So far Tuesday, the Digital Money has increased 4.18% to $0.7760515242.

InvestorsObserver is giving IOTA a 24 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 24, placing it in the bottom 24% of cryptos on the market.

The Volatility Gauge follows which means that one day won't define its volatility rank - a trend will. MIOTA's low volatility reading is paired 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 above resistance. With support near $0.731587191262538 and resistance at $0.756935377755458. This positions IOTA out of range and potentially in a volatile position if the rally burns out.

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.