What to Expect if IOTA Trades Below $0.15

Most investors are happy with the recent pullback in the price of most cryptocurrencies. There is a possibility that IOTA trades below $0.15 in the near future. However, for IOTA (MIOTA), it could go either way after it has surged to $0.335 and gained 34.44% in the past 24 hours. At the time of writing, the 24 hours low and high prices of MIOTA were $0.237 and $0.3403. It holds the possibility of reaching a new bottom after attaining a 90-days low price of $0.2759 on May 12th, 2022. Next, let’s explore the possible consequences if IOTA trades below $0.15 or nears that level. Here are a few: A high re-bounce to trade around $0.45 A consolidation to determine the next move A dip breakout to trade below $0.1. A High Re-Bounce to Trade Around $0.45 A price-dip of IOTA trades below $0.15 is likely to occur soon. If this happens, the present re-bounce that had made it surge by over 34% in the past 24 hours would be a minimum pullback. The extreme buyers’ continuous pressure would give it a high uptrend to regain the recent losses. A Consolidation to Determine the Next Move At about $0.15, IOTA might experience consolidating prices for some days. The reason for this is that most investors and traders want a clear signal before deciding on their next move. MIOTA holders should expect a consolidation of the market to last for some time unless a major update or change occurs within the IOTA ecosystem. A Dip Breakout to Trade Below $0.1 ...