IOTA bounced off the 61.8% Fibonacci level. If it manages to break the trend line, it might go for a new rally. Right now, there is no sufficient volume yet to fuel a new run up.
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For now, the trend line has been broken to the side, while the 61.8% Fib still holds as support. We will have to observe this further.
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Literally while I was typing the comment, IOTA started pumping and has reached the 50% Fib. Nice.