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IOTA price forecast - That's why the price will soon be above $1 again

 


In our last Iota price forecast , we wrote that the price could soon rise to the $1 mark. The reason for this were the indicators in the oversold area. Furthermore, the chart has given signs that the iota price has found the bottom for the time being. Based on this, we assumed a retest of the former $1 support. Thus, the course was able to confirm the former support as resistance. But how could things continue now that the price has reached the $1 mark? Will we continue to climb or will there be another descent? We'll enlighten you!



The Iota course seems to form a top, which is why we would assume falling prices for the time being. However, we would not expect the price to retreat to the $0.76 support again. We expect a small correction to recover and then rally back to the $1 level. The iota course could also break the $1 mark. However, there is currently no telling how many sellers are at $1 and whether the bulls have enough strength to break the $1 resistance.

Iota price indicators are currently in the neutral zone, so we cannot rule out that the price will not break the $1 mark. Instead, we can rather say that the price will break the $1 level so that the price gets overheated indicators. Thus, the Iota course could subsequently initiate falling courses. In the meantime, we continue to expect a small correction, with which the price will then break the $1 mark in one go. If the $1 level breaks, which we expect in the short term, the price could rally to $1.2. That's where the next resistance is.Iota price indicators are currently in the neutral zone, so we cannot rule out that the price will not break the $1 mark. Instead, we can rather say that the price will break the $1 level so that the price gets overheated indicators. Thus, the Iota course could subsequently initiate falling courses. In the meantime, we continue to expect a small correction, with which the price will then break the $1 mark in one go. If the $1 level breaks, which we expect in the short term, the price could rally to $1.2. That's where the next resistance is.

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