IOTA price analysis: IOT/USD bullish trend gains traction, $0.3000 within reach

IOTA is gaining ground rapidly after a consolidation period.

IOT/USD needs to recover above resistance $0.2950.

IOTA, the 18th largest digital asset with the current market value of $795 million, has been growing strongly since the beginning of Monday. The coin has gained nearly 9% on a day-to-day basis amid global recovery on the cryptocurrency market, and over 4% since the beginning of the day. At the time of writing, IOT/USD is changing hands at $0.2870, off the intraday high of $0.2956. The coin recovered from the recent low of $0.2438 touched on October 23.

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Post Author: CoinCryptoNews