Iota (IOTA) Update

With the rise of Bitcoin (BTC), Iota has been showing great growth in the market. Most analysts just as I am indicating that this is a good time to buy, prices should continue to grow in the coming days. The only thing to watch out for is the maturity of the BTC futures contracts in six days, as usual, the price of Iota reacts to what happens with the BTC and as the maturity of future contracts decrease the price of the BTC it should also decrease from Iota.

But for today's expectations are good as the future of Iota and the digital currency market. At the time of this posting the price of Iota is around US $ 1.97 and it seems that prices have continued to rise this week. When analyzing the graph of the Iota / USD pair we see price growth and its current position around US $ 1.97; if the current resistance is overcome, the next resistance will be around US $ 2.04 and if it is overcome we should test a resistance close to US $ 2.21; If there is any negative news in the market that affects Iota, its price should test support around US $ 1.60. But by all accounts, the good news still continued to operate in the market.

We can see the upward trend of Iota through some analysis tools, including the volume, which is indicating the great performance of the bulls in the market. In addition, we can see through moving averages and the MACD the positive course that Iota has been taking and should continue.