IOTA Upsurge Indicates A Positive Sign For Future Price Movement

The cryptocurrency news today show that there is a heavy fluctuation at the moment as the coins are spotted struggling to maintain the uptrend. Despite this, BTC is still above $9,300 but without a slight push which may make it visit $9,500 soon. In the altcoin market, the IOTA upsurge is seen as the most influential factor which may indicate a new bullish run for the altcoin.

Yesterday, IOTA was seen trading at $0.2747 and a low of $0.2689. The volume of the coin was marked as $5,207,117. Today, there is a big possibility that IOTA would breach the yesterday counters.

The price prediction shows that IOTA started dealing at $0.2739 and the coin seems to be tilted towards the immediate resistance level. In the coming hours, the coin might breach this resistance level. Still, due to the heavy fluctuation, the IOTA news show that the MIOTA token has already violated the immediate support level.

This is why an IOTA upsurge is needed soon and is recommended for long-term investors. The short term period might not bring the desired result to the traders. This is why analysts suggest going with a longer term investment for the IOTA token.

As we reported before, an IOTA upsurge would come good but not a surprise, mostly because the company is still very young  but stands out against other cryptocurrencies. There are tons of reasons for this but most of all is the team behind it who has a lot of ambitions. From automotive to smart city applications, the technology behind IOTA is more than just promising. Again, this is why we may see an IOTA upsurge and why the coin deserves to trade in the higher region.

In the other news, we can see that Bitcoin Cash (BCH) is leading the gains with a new 3.31% surge to $301 and a crossing of the psychological $300 mark which has been creating problems for some time now. Bitcoin SV (BSV) is the other forked altcoin which saw a rise of 4.45% and is trading at $139 right now. Cardano (ADA) and Huobi Token (HT) are both trading with 2.80% gains on the day and a price of $0.04 and $3.99 respectively.