Iota has recently seen a massive bull run in the market, however, it is currently stalling in comparison to some of the other cryptos today. Ever since the increase the coins movement has begun to slow down and we are now consolidating at the current price, this could be in preparation for another movement upwards so keep that in mind. It is unlikely that we will Breakthrough to support and continue dropping since trailers or see that as an opportunity to buy in which will drive the price up, It will require mass amounts of selling pressure in order to drive the price below the $3 Mark or the $2.50 Mark. However, if that was to happen it would be a great place to think about investing.
As always trade the lines accordingly.
- Orange - Resistance.
- Pink - Support.
As always trade the lines accordingly.