Will It Continue Like This?

The IOTA price crosses another very important point today – it managed to rise across the $0.1720 level on the price chart for the 8th of April. In the latest cryptocurrencies news today, we can see that IOTA is remaining above these levels and safely rising to $0.173 with a fresh new increase.

IOTA started the day’s trade with a value below the $0.1640 mark – which is when the cryptocurrency saw an uptrend across $0.1660 and then rose to $0.1720 near 06:00 GMT yesterday. The coin saw a day’s high of $0.1730 which is very close to the current price of IOTA now.

As the IOTA price crosses the $0.173 mark, many good things can be expected from the coin in the near future. IOTA showed ruffled price movements for the rest of the day yesterday, while it closed it at a new day’s trade above the $0.170 mark.

The technical indicators for IOTA start from the 20-day exponential moving average (EMA) which closed at $0.17040781, while the 50-day Moving Average (MA) closed above the 20EMA, being at $0.17060985. The Relative Strength Index (RSI) reached a low of 18.08 and showed that IOTA was oversold at the time, while it closed the day at 32.84.

Anyways, the IOTA news now visualize that the momentum is here and the price of this altcoin just keeps adding and adding on new profits. All of this is great for IOTA investors, especially because the coin is now closer to the top 20 largest coins by market cap (it sits at #24 right now) and could enter this list soon if the ascending line continues.

Meanwhile, as the IOTA price crosses the $0.170 mark, we can see that Bitcoin is stable as well and is trading above $7,300 at press time. ETH is in a similar momentum, going upwards of $171, while XRP is now closer to the $0.20 mark.

In the top 20, we can see that Chainlink (LINK) added more than 17% to its price, rising to $3.34 very quickly and coming closer to Tezos (XTZ) which also scored a 6% increase to a new high of $2.14.

All of this shows that the market is stable right now and investors are flocking in to crypto because of the crisis with the COVID-19 virus and the coronavirus lockdown. The trend is expected to continue in the few coming days.

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