Crypto-Follow logo Crypto-Follow logo
Cryptoknowmics 2022-02-04 12:30:37

IOTA Technical Analysis: Uptrend Gains Momentum To Reach $1

The IOTA coin price shows a bullish jump as the price grows to reach the psychological barrier at $1. Will buyers overcome the supply at $1? IOTA is an open ledger distributed with one major difference in that it’s not an actual blockchain. Instead, its own technology is referred to as Tangle, which is a system of nodes that verify transactions. The platform’s core claims that it offers much faster speed than traditional blockchains and is a perfect place to establish a footprint for the rapidly expanding Internet of Things ecosystem. The IOTA team behind IOTA believes that the possibilities for applications don’t stop here. They believe that their distributed ledger will provide digital identities to all people, which could result in car insurance policies built on actual use and open the way to advanced smart cities, provide seamless global trade and verify the legitimacy of products. Let us move ahead to read about IOTA technical analysis. Past Performance of IOTA The IOTA coin price action shows a sharp bullish recovery as it breaks above the $0.81 barrier in the daily chart. The coin price grows by 8.72% in the past 24 hours and continues the uptrend to reach the $1 mark. The token exchanges hand beneath all the crucial EMAs reflecting an overall downtrend in action. IOTA/USD Daily Chart IOTA Technical Analysis The IOTA coin price action found huge demand with the breakout of $0.801 mark as it creates a huge bullish engul...

#
阅读免责声明 : 此处提供的所有内容我们的网站,超链接网站,相关应用程序,论坛,博客,社交媒体帐户和其他平台(“网站”)仅供您提供一般信息,从第三方采购。 我们不对与我们的内容有任何形式的保证,包括但不限于准确性和更新性。 我们提供的内容中没有任何内容构成财务建议,法律建议或任何其他形式的建议,以满足您对任何目的的特定依赖。 任何使用或依赖我们的内容完全由您自行承担风险和自由裁量权。 在依赖它们之前,您应该进行自己的研究,审查,分析和验证我们的内容。 交易是一项高风险的活动,可能导致重大损失,因此请在做出任何决定之前咨询您的财务顾问。 我们网站上的任何内容均不构成招揽或要约