Iota forecast – price breaks out shortly! Get in now?

The Iota course has been able to form a trend line in the last few days, which constantly serves as support. Further, the price has formed a resistance zone between $0.375 and $0.385. As the trend line is heading towards the resistance zone, a decision will come soon. The price must decide either for the trend line or for the resistance zone. If the price manages to break the trendline, we expect the price to drop below $0.235. If the resistance zone breaks, which we expect, the price could rise towards 50 cents.

Looking at the weekly chart of Iota price, we can see that the next major resistance is around $0.672. The price found support on this line for about 3/4 year before it was broken. The price could now confirm the former support as resistance before continuing lower in the long-term. Iota is already an old project, so be careful. Iota has not made any major progress in recent years.

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