- IOTA hits new low of the year.
- Bounce off the lows is powerful, should hold the line.
IOTA is yet another crypto that has broken low of the year on Friday, although it has been able to bounce with some force, giving enough ammunition to the bulls to try and gain control back into their hands but bears still haven’t lost the ground.
IOT/USD is down more than 4 percent on day at $0.9204 after hitting as low as $0.9070. The price of IOT is sitting just above the trendline support which the bears have been able to break below on the Friday, but the bounce following the crack has been enough to take it back above. Now all that the bulls have to do is manage this line in the sand in order to stay relevant or else even the lows of Friday won’t hold.
Immediate resistance in this journey up is placed at $0.98 while the support is at $0.91 – the trendline.
IOT/USD 480-minute chart:
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