IOTA literally soared last week from the found equilibrium price of about $ 1.
Now, graphically, if last week's candle is not played back by more than half in the next week or two, we can talk about a breakdown of the falling trend.
This breakdown does not necessarily mean an increasing trend. It would rather be a familiar range between $ 1 and $ 2.2, at least on the start.
Meanwhile, last week's candlestick presages testing of the $ 2.2 bound in the coming weeks.
The renewal of long-term growth will be possible only when the rate goes over $ 2.2.
IOTA markedly outperformed most of its “crypto-brothers” last week, and rose to the sixth place in our rank of the largest cryptocurrencies.
Is it an application for leadership or an accidental burst?
We will find out, most likely, in our next review on IOTA in 2 weeks.
Now, graphically, if last week's candle is not played back by more than half in the next week or two, we can talk about a breakdown of the falling trend.
This breakdown does not necessarily mean an increasing trend. It would rather be a familiar range between $ 1 and $ 2.2, at least on the start.
Meanwhile, last week's candlestick presages testing of the $ 2.2 bound in the coming weeks.
The renewal of long-term growth will be possible only when the rate goes over $ 2.2.
IOTA markedly outperformed most of its “crypto-brothers” last week, and rose to the sixth place in our rank of the largest cryptocurrencies.
Is it an application for leadership or an accidental burst?
We will find out, most likely, in our next review on IOTA in 2 weeks.
