IOTA: Dilly dallying here

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  • IOTA flirting with a key trendline past few days.
  • Major move expected beyond this line, either side.

IOTA, the crypto coin, has been flirting with a key trendline past few days, a line that has been helping the bulls in the past in defending their turf. Major move on either side can be expected once it crosses past the line, soon enough.

IOT/USD is up more than one percent on day at $0.3158, near high point of the day. On the 6-hour chart of IOTA, it has spent a long time in past few days in dilly dallying with this key trendline, drawn from March lows – the one that has helped bulls every time it reached there.

However, the bears have been able to take the price below this key level, although without sustaining, helping the bulls to try and come back a bit. All that now remains is a do or die for bulls as well as bears.

IOT/USD 360-minute chart:

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