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IOTA is another weaker coin that has seen some uplifting momentum recently. As predicted here, it did test the lower $1.20's before rejecting the lower bound of the KRI which is confirmed by a green triangle on Sunday's candle. IOTA currently seems to be facing resistance at a nested Fibonacci level at $1.435, which is extremely significant. This corresponds to the lower anchor of the nested Fibonacci levels. If sentiment continues in the bullish direction, we must punch through $1.435 and $1.44. Then there is a relative vacuum zone to $1.53. If not, we'll have support from $1.37, and the lower $1.20's. It is worth noting that we have broken the lower bound of the corrective phase of the previous Elliott Wave, which implies an extension of this phase. The Kovach Momentum Indicators do not suggest that this is likely any time soon.