IOTA/USDT Sustains Its Upside Correction
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IOTA/USDT Sustains Its Upside Correction

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Azeez Mustapha

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The IOTA market has been able to push its way upward in today’s trading activity, as prices have climbed by an additional 7.02% at the time of writing. While this may be a general trend in the market, it may still hold some short-term gains. So, let’s dive in.

IOTA Statistics

Current Price: $0.0903

Market Capitalization: $381.43M

Circulating Supply: 4.21B

Total Supply: 4.6B

CoinMarketCap Rank: 107

Key Levels

Resistance: $0.1000, $0.1150, $0.1300

Support: $0.0900, $0.0750, $0.0500

IOTA/USDT Sustains Its Upside Correction

IOTA Bulls Cross a Key Limit

As noted above, price activity in the IOTA/USDT daily market can still be seen heading toward higher ground for the second consecutive session.

What’s more, the corresponding price candle for the current session seems bigger than the previous one, as it stands above the Exponential Moving Average (EMA), suggesting growing upside momentum.

The SRSI lines are also above the 80 mark and still have an upward bearing. As a result, this market may hold short-term gains for short-term traders.

IOTA/USDT Sustains Its Upside Correction

IOTA/USDT Keeps the Momentum

Bulls in the IOTA 4-hour market are still pushing their way north. The last price candle here stays green and above the 9-day EMA. Here, it can be seen that the ongoing session has just poked through the $0.0900 threshold.

IOTA Growth Continues

IOTA has expanded its reach to integrate with over 150 blockchains and more than 550 assets, becoming part of the worldwide infrastructure that enables value transfer across the internet.

Meanwhile, the lines of the SRSI indicator have reached high levels in the overbought region. Also, the mentioned lines of the indicator are merged and are slightly descending toward the 90 mark at this time.

Consequently, this colors the outlook. As such, traders can tread with caution, anticipating a pullback toward the $0.0850 mark at the least.

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