IOTA has finally recovered, but what's the price forecast?

IOTA ( IOT .X) is trading at $0.58. It's down 25% from its recent peak of $0.77. The IOT /USD pair is moving in synch with other important digital assets.

Currently, IOTA is the 11th largest altcoin by market value. Its market capitalization is $1.6B. 44% of all the IOTA trades are on BTfinex, forming the most actively traded cryptocurrency on this crypto exchange.

There are some positive developments for IOTA. It announced a partnership with ENGIE Lab CRIGEN. This lab is one of the largest tech companies in Denmark, with a sizeable research center that focusses on the gas and energy segments. The partnership will bring the blockchain technology and energy ecosystem together, leading to the development of a smart IOTA Tangle and IoT domains.

IOTA has also initiated a partnership with Volkswagen for developing a decentralized solution for vehicle manufacturing data transfer. The Digital CarPass will be launched in 2019. It will ensure reliable and secure data collection for vehicle maintenance and efficiency improvements.

What is IOTA's price forecast? Are there any chances of a bearish crash again? Here are the major technical indicators...


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