• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news today, price & technical analysis
Price & Market
Cap Data from
Nomics Logo
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • TradeeToro
  • Gamble +Try
  • Play GamesTry
  • BUY BITCOINTry
No Result
View All Result
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • TradeeToro
  • Gamble +Try
  • Play GamesTry
  • BUY BITCOINTry
No Result
View All Result
NewsBTC
No Result
View All Result
Price & Market
Cap Data from
Nomics Logo

After Jaguar, IOTA Adds 14.6 Percent as Participation Expands 4.5X

Dalmas Ngetich by Dalmas Ngetich
2 years ago
in Uncategorized
Reading Time: 2min read
technical analysis altcoins
Advertisement
Listen to Article
  • IOTA prices surge 14.6 percent
  • Partnership with Jaguar means rewarding drivers in IOTA, boosting adoption

Jaguar announcement did stimulate IOTA bulls. At spot rates, IOTA is up 14.6 percent complete with high volumes, three times the average. Even so, IOTA is technically bullish after late Dec 2018 events thrusting prices above a seven-month resistance trend line.

IOTA Price Analysis

Fundamentals

There is a re-awakening and leading the charts is IOTA, a coin whose founders say will power the world of IoT. However, it has not been like this. Before this announcement, the currency was a bottom feeder, low in volatility and retesting Q1 2019 lows.

Affirming this lack of activity and missing investor confidence is low Sentscore as relayed by Predicoin. At 4.1, the coin has been propelled to the limelight thanks to increasing social media searches and a spike a deluge of Jaguar triggered IOTA related news pieces.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

As investor confidence increase thanks to the expansion of prices in the last 36 hours, we should take note that the direct correlation between price and sentiment would likely lift the asset prices in the next few days.

That is despite lagging technical indicators printing a value of 2.5 at the time of press revealing that momentum indicators are signal bulls. With the new partnership, drivers willing to share their data will receive IOTA rewards.

Besides, Jaguar said they are developing a smart wallet for drivers who will automatically switch to auto, allowing Jaguar to collect traffic or other useful data as they move towards their objective of “achieve zero emissions, zero accidents, and zero congestion.”

Candlestick Arrangements

IOTA

At the time of press, IOTA (IOT) is bouncing off Q1 2019 support line at 25 cents and up 14.6 percent in the last day. Technically, this is bullish and confirm the bullish breakout trade of late Dec 2018. Then bulls rallied above the seven-month resistance trend line.

Even so, there has been no confirmation. Instead, IOTA prices have been ranging within a 15 cents range with caps at 40 cents and 25 cents as the lower limit. Therefore, since prices are bouncing off the 78.6 percent Fibonacci retracement level of Dec 2018 high low, sustained bull momentum would see IOTA hit Dec 2018 highs at 40 cents.

After that, if there is a wide-ranging bar driving price above 40 cents, a resistance level, then prices will likely test 55 cents or higher.

Technical Indicators

There is a surge in transaction volumes—18 million. Since it is above the average of 5.7 million, risk off, aggressive traders can buy on dips with the first target at 40 cents as aforementioned.

Chart courtesy of Trading View

Tags: IOTAJaguar
TweetShare
Nexo Logo
BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner? Win up to $1,000,000 in One Spin at CryptoSlots
Dalmas Ngetich

Dalmas Ngetich

Interested in new Tech

Related Posts

Ethereum

Ethereum is About to Post a Massively Bullish Signal as Bulls Take Charge

8 hours ago
The DeFi Powerhouse That Keeps on Growing

The DeFi Powerhouse That Keeps on Growing

19 hours ago
Ethereum

Ethereum Starts Fresh Increase, Why ETH Could Surge To $1,500

21 hours ago
Bitcoin

Bitcoin Facing Uphill Task, Why BTC Could Drop To $30K Again

22 hours ago
Ethereum

Here’s the Key Demand Zone Ethereum Might Test Before Surging Higher

1 day ago
Ethereum

Ethereum Could See an Explosive Move Higher Following Massive 20% Surge

2 days ago

Premium Partners

Top Brokers

eToro

eToro

Review · Visit
Changelly

Changelly

Review · Visit
Evolve Markets

Evolve Markets

Review · Visit
ArbiSmart

ArbiSmart

Review · Visit
PrimeXBT

PrimeXBT

Review · Visit
Moneta Markets

Moneta Markets

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bonusfinder DE

Bonusfinder DE

Review · Visit
Bspin

Bspin

Review · Visit
Wolf Bet

Wolf Bet

Review · Visit

Top Sportsbooks

1xBit

1xBit

Review · Visit

Press Releases

Cryptowisser Releases Report on Exchanges With Lowest Fees

January 22, 2021

LABS Group Announced Strategic Partnership with Centifuge to Provide DeFi Collateralized Property Backed Lending

January 22, 2021

Jump-starting Crypto Adoption: Aurix IEO Scheduled for January 21st on ExMarkets!

January 22, 2021

Newsletter Signup


ABOUT US

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

COMPANY

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

LINKS

Auto Trading Software ▸

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

© 2020 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Trade
  • Gamble +
  • Play Games
  • BUY BITCOIN

© 2020 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.