![]() ![]() Governmental bodies worldwide increasingly explore decentralized identity (DID) solutions to bolster security measures and safeguard citizens’ interests. A further drop will force the coin into oversold territory. The William Alligator trendlines show rising volatility, and the RSI is constricted at the lower limit. ![]() The MACD indicator shows IOTA’s momentum was negative for the better part of August. IOTA has continuously declined since February after it hit $0.2694. IOTA is down about 50.18% since it got featured in Coinmarketcap in 2017 and down 21.48% over the last 12 months. Will IOTA recover? IOTA price analysis 1-day chart: Edges closer to oversold territory The coin is down about 30% from 2023’s high.
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