IOTA is currently witnessing profit-booking and it may drop to the first support at the 38.2% Fibonacci retracement level.
A strong rebound off this level will suggest that traders are buying on minor dips.
The bulls will then make one more attempt to push the price above $2.00 If they succeed, the pair could pick up momentum and rally toward $2.32 and then $2.63
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.