A little speculation here, but since Iota hit my hard resistance and tanked, it's looking more and more like this has been a reoccurring theme throughout its short exchange life. Check out the peaks followed by a steep fall then reaching new highs. This is telling me that in a matter of days Iota should be on its way back up the ladder. However, the news about Bitfinex was disconcerting and blockchain network is beginning to be utilized in a mainstream way. The best shot for those of us taking a long position on iota is to help the network by running full node wallets and also trying to reach out to iota about their marketing and social media. Gotta get the good word of Iota out there folks.