Following again the massive increase of the #1 in the cryptocurrency-space Bitcoin, MIOTA/USD is recovering on haste upwards.
Following the all-time high IOTA reached on Dec 6 at $5.55 against the US Dollar, the token value met sellers and was tanked downward dipping to $3.14. The downfall was awaited as a general red-price-dipping zone was taking over the whole market [after such a welcomed run].
The mid-term bullish supportive line above $3.15 is still quite in-tact, so if you did step in before feel safer now. On the shorter-time period, resistances will be met just at $4.25 [at which level it is trading now, per time of the press] but if it break above successfully – sellers will be waiting at $4.50 and then $5.00 which even could take place if the market confidence continues to be bullish on this green-surging Friday.
Having surpassed Ripple by market capitalization making IOTA [MIOTA] the 4th largest cryptocurrency, created a huge impact and explosion towards traders and investors to hoist up their believe on the token when it comes to holders and an opportunity to profit.
The global average price of Bitcoin rocketed above $18.000 – marking a $8.000 gain in the last 7 days. Now – according to coinmarketcap – BTC is trading at $16.500 with 10.00% gain the last 24-hours.