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Ater two months (September and October) testing supports and resistances within a channel between $ 0.23 and $ 0.295, prices broke the trendline reaching $ 0.43 before a new drop.
The MACD indicator provides a signal of the beginning of a new uptrend that we try to seize hoping that the IOTA projects will consolidate in the coming weeks by projecting the prices of the crypto towards the psychological target of $ 0.5.
If the positive signal of the indicator does not reflect on prices in the short term we could foresee a new period of low volatility in downtrend.
Ater two months (September and October) testing supports and resistances within a channel between $ 0.23 and $ 0.295, prices broke the trendline reaching $ 0.43 before a new drop.
The MACD indicator provides a signal of the beginning of a new uptrend that we try to seize hoping that the IOTA projects will consolidate in the coming weeks by projecting the prices of the crypto towards the psychological target of $ 0.5.
If the positive signal of the indicator does not reflect on prices in the short term we could foresee a new period of low volatility in downtrend.