IOTA Price Rockets on Monday: Highest Gain on the Leading Crypto-List
IOTA price bounces upwards just touched the $1.00 mark for a moment and stabilized again. Can MIOTA/USD over come the hurdle?
IOTA price after taking a downfall to the lows of $0.68-$0.69 has attempted many times to over the major resistance of $0.85-$0.90 but with no success. However, today in a couple of minutes the price catapulted against the US Dollar above the $0.9200 mark.
As per the moment, the 8th on the virtual currency list by market capitalization – is trading above $0.9640 which mirrors a very comfortable position for the value to stabilize before any pull-back or continuation-of-surge.
The $0.9500 level for quite some time now represents a barricading area so now it looks like it will shift to a supportive line. However, the next movements will be very much effected by how the price of the leader Bitcoin is going to move, keeping in mind the commodities-nature of virtual assets.