Brief Analysis ——IOTAToday we will share a brief analysis of 3 old-school tokens. They are ANKR, IOTA and LINA.
IOTA maintains falling from 2022. The high of each rebound was lower than the previous one (shown by the red dotted line), so it is bearish on a large scale. Now, the price is still below the starting of the dump in early June. The bulls decayed during the rebound and the price was close to fluctuation. Since last week, the strength of the bears has increased, but the bulls has not been enough to keep the price in the range. A long red candle appeared on Monday, the price broke the previous low. The bulls showed no signal of strengthening.
Conclusion: Mostly falling. IOTA is bearish on a large scale, and bears is stronger than bulls on a small scale. So we come to this conclusion. We set resistance level at 0.207 and support level at 0.147.
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Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
