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
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.
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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