The path of least resistance for the IOTA/USDT pair is northwards, as the daily chart’s price action reveals. In return, the uptick in participation is pushing week-to-date gains to over 150 percent as buyers take charge of the blockless IoT category leader. In the meantime, there is demand in lower time frames, as trackers reveal.įor instance, on the last day, the average daily trading volume for the coin is up 188 percent. Even so, the daily chart’s price action shows that the coin must double to clear 2018 peaks, as per Binance data.Ĭatalyzing bulls and maintaining this uptrend is a string of fundamentals laid out for the Internet-of-Things projects. Biggest Risers Prediction:Īfter analyzing the price charts thoroughly I believe that the two biggest risers this week will be TRX and IOTA.The IOTA price is buoyant, topping performance in the top-20.Īs of writing on Feb 11, the IOTA price is up a massive 48 percent, soaring to $1.17, printing a 2021 high. Price Prediction: I believe that during the next week price will break out of the red resistance line and head for the fib resistances of $0.33 and 0.358 respectively. There is significant bullish divergence developing in the RSI and the MACD. Price is currently trading at $0.29 IOTA 4-Hour ChartĪ look at the 4-hour chart for IOTA shows that price is at the small support area of $0.27-$0.29. The projected cloud in February is positive. The MACD is flattening and is almost ready to make a bullish cross. ![]() Price Prediction: I believe that during the next week price will break down from the support line and head for the support area at $0.32-$0.34 IOTA Price Prediction and Analysis: IOTA Daily ChartĪ look at the daily chart for IOTA shows that after a period of sustained bullish divergence, the price made an attempt to break out of the resistance provided by the Ichimoku Cloud and the 50-period MA at $0.4 but was promptly turned back. There is no bullish or bearish divergence developing. ![]() Cardano (ADA) 4-Hour ChartĪ look at the 4-hour chart for ADA shows that after the drop from $0.54, price failed to break the 0.5 fib level and fell back to the support line. The MACD is going up but is not yet positive, and it seems to be losing power. Price is still below the 21,50,200 period MA and the Ichimoku Cloud. Cardano (ADA) Price Prediction and Analysis: Cardano (ADA) 3-Day ChartĪ look at the 3-day chart for ADA shows that price has just moved past the 7-period MA and is trading at $0.043. Price Prediction: Given this information, I believe during the next week price will head to the $0.32 resistance after possible retracing to the support line. There is no bearish divergence in the RSI nor MACD, and both are moving up. Tron (TRX) 6-Hour ChartĪ look at the 6-hour chart for TRX shows that price is moving up while following a steady support line. ![]() Tron (TRX) Price Prediction and Analysis: Tron (TRX) Weekly ChartĪ look at the Weekly chart for TRX shows that price has moved past the 7-period moving average and is now headed for the $0.033 resistance area which coincides with the 21-period MA.įurthermore, the MACD is moving upward with strength and has almost turned positive. Price Prediction: I believe that during the next week price will head for the resistance at $0.11, after possibly validating the resistance line. We can see that after a long period of developing bullish divergence, price broke out of a descending wedge and a small retracement ensued. Stellar (XLM) 4-Hour ChartĪ look at the 4-hour chart for Stellar gives more information about where price might be heading. The MACD is falling but losing its power, and seems likely to make a bullish cross. ![]() Price is currently trading below the 7, 21 and 50-period moving averages and the Ichimoku cloud. Price is very close to the $0.7 support area formed by the highs of 2017. Price Prediction: I believe that during next week XRP will break the $0.325 resistance and head for $0.34 Stellar (XLM) Price Prediction and Analysis: Stellar (XLM) Weekly Logarithmic ChartĪ look at the Weekly chart for Stellar in logarithmic form shows that price is currently trading at $0.1, finding support at the 200-period moving average. However, the price is creating significant bullish divergence in both the RSI and the MACD. We can see that price tried to break the $0.325 level multiple times but got pushed back every time. XRP 2-Hour ChartĪ look at the 2-hour chart for XRP gives more information about where price might be headed. If the $0.3 support area fails to support price, the next one will be found at $0.16-$0.18.
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