The IOTA price chart displays that the price rallied from the demand zone of $0.14000 to $0.37000. However, the crypto slumped as the price failed to jump over it, and it displayed a price correction scenario in its ascent and the price dropped to form a support at $0.20000.
After falling, the price of Flare crypto has made a strong recovery, surpassing its previous high level, starting from a crucial support level of around $0.20000.
The IOTA crypto now appears set to continue this colossal surge as it already surpassed the previous high of $0.37000 and is geared up to crack the above resistance level and rocket to new peaks from the current support level.
The IOTA crypto asset is exhibiting bullish strength and rising capacity as it holds above major 20-day and 50-day EMAs.
On observing the price chart data over the daily chart, the IOTA asset is showing bullish signs and has the potential to grow further. It has performed well in the past week, month, and quarter by 16.34%, 55.05%, and 39.82%, respectively, indicating a solid uptrend.
At press time, the crypto has experienced a decline of 1.71% in the last 24 hours, and currently trading at $0.38606. Therefore, if the demand for the IOTA token rises abruptly, the asset price could bounce back from the current level. The next goal for the price could be to reach $0.45000; in between, the hurdle would be $0.42000.
However, if the IOTA crypto price fails to stay above the $0.37000 level, it could decline further and then it could reach $0.35000 as well.
After falling, the price of Flare crypto has made a strong recovery, surpassing its previous high level, starting from a crucial support level of around $0.20000.
The IOTA crypto now appears set to continue this colossal surge as it already surpassed the previous high of $0.37000 and is geared up to crack the above resistance level and rocket to new peaks from the current support level.
The IOTA crypto asset is exhibiting bullish strength and rising capacity as it holds above major 20-day and 50-day EMAs.
On observing the price chart data over the daily chart, the IOTA asset is showing bullish signs and has the potential to grow further. It has performed well in the past week, month, and quarter by 16.34%, 55.05%, and 39.82%, respectively, indicating a solid uptrend.
At press time, the crypto has experienced a decline of 1.71% in the last 24 hours, and currently trading at $0.38606. Therefore, if the demand for the IOTA token rises abruptly, the asset price could bounce back from the current level. The next goal for the price could be to reach $0.45000; in between, the hurdle would be $0.42000.
However, if the IOTA crypto price fails to stay above the $0.37000 level, it could decline further and then it could reach $0.35000 as well.