IOTA is oscillating in a tight range in sync with the market. IOT/USD needs to recover above resistance $0.2850. IOTA, the 17th largest digital asset with the current market value of $745 million, has been moving in a tight range recently. The coin has lost 1.8% of its value on a day-to-day basis amid global sell-off on the cryptocurrency market. At the time of writing, IOT/USD is changing hands at $0.2690. off the intraday high of $0.2739. The coin recovered from the recent low of $0.2400 touched on September 24; however, the upside momentum has faded away. IOTA’s technical picture On the downside, the first line of support is identified at $0.2650. It coincides with SMA50 (Simple Moving Average) and the lower line of the Bollinger Band on a daily chart. Once it is out of the way, the sell-off is likely to gain traction with the next focus on $0.2590 (October 18 low) and $0.2400 (September 24 low). On the upside, a pivotal resistance awaits IOTA bulls on approach to $0.2850. This area includes the upper line of a Bollinger Band on a daily chart. It has been limiting thee recovery since the end of September. We will need to see a sustainable move above this handle for an extended recovery towards a psychological $0.3000. IOT/USD, daily 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 German foreign minister: Pushing back Brexit date by two or three weeks is not a problem FX Street 3 years IOTA is oscillating in a tight range in sync with the market. IOT/USD needs to recover above resistance $0.2850. IOTA, the 17th largest digital asset with the current market value of $745 million, has been moving in a tight range recently. The coin has lost 1.8% of its value on a day-to-day basis amid global sell-off on the cryptocurrency market. At the time of writing, IOT/USD is changing hands at $0.2690. off the intraday high of $0.2739. The coin recovered from the recent low of $0.2400 touched on September 24; however, the upside momentum has faded away. IOTA's technical… 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.
