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Iota price prediction – price has broken out! THAT are the goals

 


In our last Iota Price Prediction , we wrote that the price could soon experience an explosive breakout. We had or have a symmetrical triangle in the chart. This triangle is mostly used for trend continuation. Since we formed the triangle after seeing a rise on the Iota chart, we anticipated a bullish breakout. Thus, the target of about $3.95 was in the room. The price then reached our short-term goal, which we also mentioned in the article, and then broke out of the triangle in a bearish manner. But how could the Iota course continue? We'll enlighten you!


Iota course confirmed breaking out of the symmetrical triangle last week. Since then, the price has only been falling and could fall further than last week. The next support is around $0.50. There we expect a recovery in the Iota price, and then see where the journey goes next. You should also pay attention to the Bitcoin course . Bitcoin mostly determines where it goes over the entire crypto market. If Bitcoin rises, the altcoins rise with it or stop falling. If Bitcoin sinks, the altcoins also sink and even more.



Since the Bitcoin price will soon reach a strong support of $30,000, we should not assume $0.50 for the Iota price. Once the bitcoin price gets support at the $30,000 mark, the iota price is unlikely to go down any further.

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