IOTA is rangebound with bearish bias. IOTA is moving in sync with other cryptos. IOTA is trading with a downside bias, being dangerously close to critical $1.00 handle. The coin is down 5.5% on daily basis amid general sell-off on the cryptocurrency market. IOTA’s market value has reached $3.1B, while the average trading value is registered at $73M. Over 50% of all IOTA-related transactions are processed by Binance. IOT/USD is currently changing hands at $1.12 IOTA is moving in lockstep with other cryptos. While Bithumb hack is considered to be a bearish factor, it produced little effect on the market so far. The exchange resumed the operations pretty quickly and promissed compensation for all affected accounts. IOTA technical picture From the technical point of view, the local 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, once broken, the sell-oo may be extended towards April’s low at $0.91. IOT/USD, 4-hour chart FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Brazil: Fiscal risk premium on the rise – TDS FX Street 3 years IOTA is rangebound with bearish bias. IOTA is moving in sync with other cryptos. IOTA is trading with a downside bias, being dangerously close to critical $1.00 handle. The coin is down 5.5% on daily basis amid general sell-off on the cryptocurrency market. IOTA's market value has reached $3.1B, while the average trading value is registered at $73M. Over 50% of all IOTA-related transactions are processed by Binance. IOT/USD is currently changing hands at $1.12 IOTA is moving in lockstep with other cryptos. While Bithumb hack is considered to be a bearish factor, it produced little effect on the market… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
