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Iota course forecast - course rises by 45%!

 


In our last Iota price forecast , we wrote about whether the price will continue to fall after the crash or whether it could rise from now on. Then we came to the conclusion that the course had formed a double bottom formation. At the same time, according to the article, the price formed a support for the level of the raised floor in the next few days (+/- $ 1.02). The price has been rising more sharply for a few days. But how far could the price rise and why is the price rising at all, although other coins, such as Ethereum, are falling? We'll tell you today about the Iota course!

The Iota course has, since you can do Iota staking , which you can find out more about in this article , the course has risen extremely. The course has meanwhile recorded an increase of over 40%. The price has now reached a resistance area and is now also on the upper edge of the area. The resistance area consists of the $ 1.45 and $ 1.56 levels. This resistance also served as a sideways phase for a while as resistance in the sideways phase between $ 1.17 - $ 1.23 and $ 1.45 - $ 1.56.

The Iota price could briefly climb above the resistance of $ 1.56, but it was rejected directly at the GoldenPocket. Should we now see a breakthrough, which we believe the progress of the project will be, we could see another move up towards $ 1.66. The GoldenPocket is located there. Should the GoldenPocket break, which we also assume, the course could also activate the drawn ABC sequence. This sequence has the goal of approximately $ 4. 

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