IOTA price analysis: IOT

IOTA is trading with a downside bias, being riskily close to critical $1.00 treat. The coin is down Five.5% on daily voetbeen amid frecuente sell-off on the cryptocurrency market. IOTA’s market value has reached $Three.1B, while the media trading value is registered at $73M. Overheen 50% of all IOTA-related transactions are processed by Binance. IOT/USD is presently switching palms at $1.12

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IOTA is moving ter lockstep with other cryptos. While Bithumb hack is considered to be a bearish divisor, it produced little effect on the market so far. The exchange resumed the operations pretty quickly and promissed compensation for all affected accounts.

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From the technical point of view, the tópico resistance is created by $1.21 (50-SMA, 4-hour chart), followed by $1.33 (May 29 low) and $1.42 (100-SMA). On the downside, the support is seen at $1.00. This is a critical level, merienda violated, the sell-oo may be extended towards April’s low at $0.91.

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3 comments / Add your comment below

  1. I indeed love to trade on Binance exchange, but spil you truly desired to know is Bithumb a better option ? So, just made an account and presenting you my very very first expressions. Before that I have also read many blogs discussing about Bithumb being a better exchange and previously attempted to make an account but it said they were not registration any fresh user. And now it seems they have opened the doors merienda again and here wij are again attempting fresh exchange.

  2. Not sure how but some one attempting since 6 months to login into my cryptopia account despite i switched password Four times, thank monarch email 2FA is activated

  3. I dont use this exchange because has low volume, i choose use Binance, Kucoin, Poloniex and Bithumb . I more like trading ter exchange that has high volume so i can get better liquidity. But from other review of trader, Cryptopia is good exchange, you have to voeling their support and wait patiently so the customer support can solve your problem.

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