NEWS MAX ONE - Crypto site news of MAX ONE CLUB logo NEWS MAX ONE - Crypto site news of MAX ONE CLUB logo
Cryptoknowmics 2022-05-16 22:30:44

What to Expect if IOTA Trades Below $0.15

Most investors are happy with the recent pullback in the price of most cryptocurrencies. There is a possibility that IOTA trades below $0.15 in the near future. However, for IOTA (MIOTA), it could go either way after it has surged to $0.335 and gained 34.44% in the past 24 hours. At the time of writing, the 24 hours low and high prices of MIOTA were $0.237 and $0.3403. It holds the possibility of reaching a new bottom after attaining a 90-days low price of $0.2759 on May 12th, 2022. Next, let’s explore the possible consequences if IOTA trades below $0.15 or nears that level. Here are a few: A high re-bounce to trade around $0.45 A consolidation to determine the next move A dip breakout to trade below $0.1. A High Re-Bounce to Trade Around $0.45 A price-dip of IOTA trades below $0.15 is likely to occur soon. If this happens, the present re-bounce that had made it surge by over 34% in the past 24 hours would be a minimum pullback. The extreme buyers’ continuous pressure would give it a high uptrend to regain the recent losses. A Consolidation to Determine the Next Move At about $0.15, IOTA might experience consolidating prices for some days. The reason for this is that most investors and traders want a clear signal before deciding on their next move. MIOTA holders should expect a consolidation of the market to last for some time unless a major update or change occurs within the IOTA ecosystem. A Dip Breakout to Trade Below $0.1 ...

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.