IOTA has given up its range between $1.84 and $1.92, plummeting to support from the lower bound of the KRI
at $1.61, but recovering ever so slightly to $1.67. What were once levels from below now provide resistance at $1.78 and $1.84. The upper bound of the range will also offer resistance at $1.92 and $1.95, but we appear to be pretty far from considering this. The psychological $2 level is the most important level to the upside. We must break it before we hit $2.20, after which, there is a relative vacuum zone until $2.25. Currently, $1.62 will provide support, but beyond that we have $1.45, a Fibonacci level.
Interested in the Altcoin Index and the Crypto Spread Indicator? Check them out here
For daily commentary on cryptocurrencies, subscribe to our newsletter