IOTA Attempts to Break Through Long-Term Resistance

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In Brief
  • IOTA is facing very strong resistance at $0.245.

  • It has created a double-top pattern.

  • The price has broken down from an ascending support line.

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The IOTA (IOTA) price is trading inside a long-term resistance area, a breakout above which could trigger a rapid increase. However, the price has fallen into a bearish pattern, and technical indicators are showing weakness, making a rejection much more likely. IOTA Faces Resistance The IOTA price is currently trading inside the $0.245 resistance area. This area is extremely important

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Valdrin is a cryptocurrency enthusiast and financial trader. After obtaining a masters degree in Financial Markets at the Barcelona Graduate School of Economics he began working at the Ministry of Economic Development in his native country of Kosovo. In 2019, he decided to focus full-time on cryptocurrencies and trading.

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