FxWirePro: IOTA jumps sharply after listing on Huobi pro exchange, good to buy on dips
IOTA is trading higher and has been experiencing bullish momentum after it got listed in Huobi. Huobi is second largest crypto currency exchange on basis of 24- hour trading volume. It is also going to get listed in Cobi…
IOTA is trading higher and has been experiencing bullish momentum after it got listed in Huobi. Huobi is second largest crypto currency exchange on basis of 24- hour trading volume. It is also going to get listed in Cobinwood soon.
The pair jumped almost more than 45% in the month of May. IOTA hits high of $2.69 and declined till $2.06 level. Short term trend is still bullish as long as support $1.97 (200- day MA) holds. Any break below $1.97 will drag the pair down till $1.82 (55- day EMA)/ $1.65 (100 – day MA).
The near term resistance is around $2.80 (38.2% fib) and any break above will take the pair till $3.15/$ 3.37/$3.95 (61.8% fibo).
It is good to buy on dips around $2.15-2.20 with SL around $1.97 for the TP of $2.80/$3.15.
A separate 16-month sample ending in September 2026 found more than 87% of payments between $0.0001 and $0.10, but its window extends beyond the transaction tally’s cutoff.
