Crypto Technicals: IOTA spikes over 14% on Jaguar partnership news, technical bias turns bullish above 4H 200 SMA

IOT/USD chart - Trading View 

Exchange - Bitfinex

Support: 0.3075 (55-EMA); Resistance: 0.3364 (200-DMA)

Technical Analysis: Bias Turning Bullish

- IOTA spikes amid news that the Jaguar Land Rover, is testing IOTA-based solutions

- IOT/USD was trading hands at 0.3177 at the time of writing, up 14.16% at 0835 GMT

- IOTA is the only alt-coin on the rise amid a largely muted crypto space

- The pair has broken some strong resistance levels and is on track to test 200-DMA at 0.3364

- Technical indicators support upside. RSI is sharply higher and above 50 level. 5-DMA has turned

- Price action is currently capped at 110-EMA resistance at 0.3226, break above eyes 200-DMA

- 55-EMA at 0.3075 is immediate support. Break below 5-DMA negates upside bias

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