Not much has changed since yesterday. IOTA is currently ranging with support from the central moving average of the KRI
. It sits in the dead center of this indicator and has a long way to go, up or down. On the downside, it will find support at the lower bound of the KRI
at $2.84, though it will likely first bounce off a Fibonacci level at $3.25, which is a nice psychological level as well. Above, we have a Fibonacci level at $4.36, the upper bound of the KRI
at $4.94, the psychologically significant $5 mark, and a Fibonacci Extension
level at $5.06.
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