On January 14, the IOTA price broke out above a descending resistance line in place for 82 days. Since then, it has increased by nearly 30 percent.
The movement could have been the first step in the creation of a long-term reversal pattern, which would be confirmed by a breakout over 2500 satoshis.
Trader @devchart tweeted an IOTA price chart stating that the price has broken out above
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