- Sand line support holds.
- Resistance test next for the crypto.
IOTA bulls managed to hold on to the critical support line on Saturday which was essential for the crypto to stay in the race of bouncing back, is up and away on Sunday and will now face another key test in the form a resistance line that would requiqre some force to cross.
IOT/USD up about 13 percent on day at $0.956 after hitting as high as $1.026. On the 480-minute chart, the price now faces strong resistance in the form of a descending trendline at $1.04, just above the day’s high.
The clawback after the high is a sign that IOTA bulls need this momentum with even more vigour and force to cross beyond the barrier line, support for now stands at $0.92.
IOT/USD 480-minute chart:
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