IOTA price surge is also supported by rising trading volume according to CoinMarketCap data. A bullish flag pattern supported above $1.050 is good enough for the buyers in the short-term. IOTA price is among the biggest daily gainers on Monday 16. $1.00 was a key resistance level since the opening of the session today. However, in the last hour, a bullish trend has smashed the resistance at this level, in addition to re-entering Andrews Pitchfork support zone. The price dancing with the 50% Fib retracement level with the last high leg of $1.24 and a low of $0.89 after hitting a snag short of $1.1. The price seems to be supported by high trading volume, similarly, according to the data provided by CoinMarketCap, the trading volume in the last 24 hours is $40,632,600 compared to the total trading volume at the close of the session yesterday at $28,366,900. The market capitalization is also slightly higher at $2.9 billion, in comparison to yesterday’s volume at $2.7 billion. Technically, IOTA is likely to break the resistance at $1.1 before the close of the session today. But if it fails, a bullish flag pattern supported above $1.050 is good enough for the buyers in the short-term. The technical indicators like the stochastic and the RSI are showing that the sellers are seeking for an entry. Besides, the gap between the 100 SMA and the 50 SMA is beginning to increase, which means that, buying power is reducing. IOT/USD 15-minutes 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 EUR/USD Technical Analysis: Slow and steady grind keeps EUR/USD above 1.1700 mark FX Street 5 years IOTA price surge is also supported by rising trading volume according to CoinMarketCap data. A bullish flag pattern supported above $1.050 is good enough for the buyers in the short-term. IOTA price is among the biggest daily gainers on Monday 16. $1.00 was a key resistance level since the opening of the session today. However, in the last hour, a bullish trend has smashed the resistance at this level, in addition to re-entering Andrews Pitchfork support zone. The price dancing with the 50% Fib retracement level with the last high leg of $1.24 and a low of $0.89 after hitting… Regulated 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.