• About
  • Advertise
  • Contact
Cryptopolitan
  • Home
  • News
    • Bitcoin
    • Binance
    • Ripple
    • Ethereum
    • Cardano
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Cardano Price
    • Binance Coin Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
  • Home
  • News
    • Bitcoin
    • Binance
    • Ripple
    • Ethereum
    • Cardano
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Cardano Price
    • Binance Coin Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
No Result
View All Result
Home News Altcoin News

IOTA price analysis 29 May 2019; surviving the bitcoin bear for now

Giorgi Mikhelidze by Giorgi Mikhelidze
2019-05-29 03:21 pm
in Altcoin News
2 min read
IOTA price analysis 29 May 2019; surviving the bitcoin bear for now 1
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter

IOTA, which has been quite stable throughout today, despite the relative bitcoin collapse is still on its way upwards despite all the indicators showing otherwise.

The 21% increase that IOTA has been having for the past two weeks was under pressure from the $0.5 resistance level, but the coin managed to break it just a couple of hours ago. The price is currently sitting comfortably at $0.51, but will face additional resistance the further it increases.

The whole market’s sentiment is bearish today, as predicted for the last couple of days. The last two weeks pattern is being revisited as the bear start early on Wednesday and ends somewhere around the end of Friday.

RelatedPosts

Uniswap price prediction: Uniswap retests $37, set to reach $40 today

Filecoin price prediction: Filecoin consolidates around 50 percent Fib level, prepares to move higher

UNI Price Prediction: Uniswap might halt its upward trend before going for new high at $38

Korean investors are trading more altcoins than Bitcoin

IOTA still has the support level of $0.5 and a resistance level of $0.52 to worry about.

IOTA price chart

IOTA chart by Trading View

Taking a look at the day-to-day MACD shows us that the coin is in a bullish trend and will continue to do so for the next couple of months, due to market health.

The small drops in BTC price will continue throughout the Summer of 2019, which means around 30 more corrections down the line. But every time BTC emerged from a downfall, it was as healthy as ever. The worst it suffered was when it was nearing $7,000 two weeks ago, but now it looks like the bearish sentiment will be confined to the $8,500.

Should this transpire, IOTA will perform on a completely different level. If we take a look at the patterns, IOTA is quite an independent coin at this point and is relatively immune to the major bearish market movers, it only follows the bullish sentiments.

For the short-term IOTA can reach $0.6 by the end of Sunday this week, and a possible $1 by the end of July 2019, if the market patterns remain unchanged.

Giorgi Mikhelidze

Giorgi Mikhelidze

Georgian-born blockchain enthusiast Giorgi leverages his software development background for on point market commentary and analysis. A brief stint with Finance Makers and he's now covering crypto news for high authority websites with the tip learned from past experience, "Whenever you see people talking about the weakness of your idea, don't see it as criticism."

Related Posts

Uniswap Price Prediction 2021-04-15
Altcoin News

Uniswap price prediction: Uniswap retests $37, set to reach $40 today

2021-04-15 17:40 pm
Filecoin Price Prediction 2021-04-14
Altcoin News

Filecoin price prediction: Filecoin consolidates around 50 percent Fib level, prepares to move higher

2021-04-14 08:14 am
UNI Price Prediction
Altcoin News

UNI Price Prediction: Uniswap might halt its upward trend before going for new high at $38

2021-04-13 13:12 pm
Korean investors are trading more altcoins than Bitcoin
Altcoin News

Korean investors are trading more altcoins than Bitcoin

2021-04-13 09:00 am
Weekly Crypto Price Analysis 12th Apr: BTC, ETH, BNB, SUSHI, UNI
Altcoin News

Weekly Crypto Price Analysis 12th Apr: BTC, ETH, BNB, SUSHI, UNI

2021-04-12 16:16 pm
Uniswap price prediction UNIUSD stuck at $30 as bullish momentum wanes
Altcoin News

Uniswap price prediction: UNI/USD stuck at $30 as bullish momentum wanes

2021-04-09 20:37 pm

Follow Us

  • 51k Fans
  • 8.3k Followers

Popular News

  • Ripple price prediction XRP blasts past $1.8392 as bulls relentlessly pursue $2.0

    Ripple price prediction: XRP blasts past $1.8392 as bulls relentlessly pursue $2.0

    1264 shares
    Share 506 Tweet 316
  • XRP Price Prediction 2021, 2023, 2025, 2030

    959 shares
    Share 384 Tweet 240
  • Cardano price prediction: ADA fails to break above $1.50, what’s next?

    909 shares
    Share 364 Tweet 227
  • Bitcoin crackdown could be coming – a warning from Kraken CEO

    856 shares
    Share 342 Tweet 214
  • Dent Token Prediction for 2021 – 2025

    826 shares
    Share 330 Tweet 206

Latest News

Uniswap Price Prediction 2021-04-15

Uniswap price prediction: Uniswap retests $37, set to reach $40 today

April 15, 2021
Binance Coin Price Prediction 2021-04-15

Binance Coin price prediction: Binance Coin retraces to $535, prepares to set another lower high?

April 15, 2021
Ukrainian politician admits to losing access to 400 BTC wallet

Ukrainian politician admits to losing access to 400 BTC wallet

April 15, 2021
DOGE Price Prediction

DOGE Price Prediction: Dogecoin to the moon, to hit its $0.2 target after safeguarding support

April 15, 2021
Ethereum Berlin hard fork now deployed, here's what to expect

Ethereum Berlin hard fork now deployed, here’s what to expect

April 15, 2021

Signup To The Daily Roundup

Get New Posts By Email:
Privacy Policy

Got a Story tip? Email Contact@Cryptopolitan.com

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News

Binance News
Ripple News
Cardano News

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker
Sitemap

Exclusive Partners of

Footer 2

Got a Story tip? Email Contact@Cryptopolitan.com

cryptopolitan 1

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Cryptopolitan brings you quality Blockchain and Cryptocurrency news, ICO reviews, crypto technical analysis, and other unique news insiders. We cover Bitcoin news, altcoins news, blockchain projects news, ICO news, regulatory developments and the confluence of news on the leading blockchain technologies.

© 2021 Cryptopolitan. All rights reserved. Terms | Privacy

No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Binance
    • Ripple
    • Ethereum
    • Cardano
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Cardano Price
    • Binance Coin Price
  • Research
  • Scam
  • Events

Copyright © 2020 Cryptopolitan.

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