IOTA price analysis: IOT/USD on fire as Binance adds IOT/USDT trading pair; Trinity Mobile wallet app excites the community

• Trinity Mobile wallet app is available for both Android and IoS, desktop app coming soon.
• IOTA price spikes over 10% supported by addition trading pair on Binance, IOT/USDT.

IOTA price is the best performer among the top ten cryptocurrencies. It is up a whopping 10.41% on the day and is trading above $1.70. IOT/USD spiked during the Asian trading hours from slightly above $1.55 and the gains continued to surge into the European trading hours breaking above the resistance at $1.70.

IOTA has had a fruitful week despite the dip that saw it trade at $1.33. The currency enjoyed the brief bullish momentum on Tuesday but was supported further by the launch of the beta version of its Trinity Mobile wallet app. The community can now test the wallet that was developed to ensure utmost safety for the users. The wallet has features like 2FA, ability to support multiple accounts, fast transactions, and a price display feature. The mobile app is now available on IoS and Android, but the desktop beta is coming soon.

IOTA price has continued to spike today on the announcement that Binance exchange is adding IOT/USDT trading pair. The community is excited while the price has reacted almost immediately.

There is a current bullish trend on chart moving towards the key resistance zone at $1.75. The Stochastic is in the overbought regions but still pointing upwards. An immediate support is highlighted at $1.70, but a drop to $1.65 will present a good buy position. Further down, the major support lies at $1.60 – $1.55 zone.

IOT/USD 15′ chart