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IOTA price continues to rise while the crypto market falls



 The IOTA price continues to skyrocket while the crypto market falls. How far can the IOTA price go up now?


IOTA price broke 0.382 fib resistance

The IOTA price peaked at around USD 2.7 at the beginning of the year. In the following months, IOTA fell back to around USD 0.6 and then rose to around USD 2, where IOTA met with rejection at the golden ratio resistance. IOTA then corrected the golden ratio at around USD 1 and then broke the 0.382 Fib resistance at around USD 1.5.


Does the IOTA rate now rise to around USD 2?

The IOTA price is about to target the golden ratio resistance at around USD 2. In the weekly price, the MACD is increasingly bullish: de MACD lines are currently about to cross each other bullishly, while the histogram rises bullishly. So the prospects are good that IOTA can reach the golden ratio resistance at around USD 2. Should IOTA break this, it could return to the high at around USD 2.7. However, if it is rejected at the golden ratio, it will again find support at USD 1.5.


The golden crossover in the daily rate remains intact

The daily rate is also bullish. There the golden crossover of the EMAs is still bullish and here too the MACD is bullish. The MACD lines are bullishly crossed and the histogram is ticking bullishly upwards.


The golden ratio also seems to be in prospect against BTC

The IOTA course is in a similar situation against BTC. IOTA was able to break the 0.382 Fib resistance at around 0.0000292 BTC and is therefore on the way to the golden ratio resistance at around 0.000036 BTC. The MACD's histogram is also ticking bullish upwards for the first time in almost eight months this month. Should IOTA break the golden ratio resistance, it will find the next significant resistance at around 0.000065 BTC. Otherwise it will find very strong support at around 0.000021 BTC.

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