The Currency Analytics
By Dan Saada
IOTA Getting a Hardware Boost
IOTA Price Trends
BittrexGlobal stated that IOTA is an excellent and powerful tool for the machine economy. The token they said would be listed on January 30, 2020.
BittrexGlobal tweeted: “To celebrate IOTA listing, Bittrex Global will host an exclusive @iotatoken AMA.
IOTA acknowledged tweeting: “We are excited to announce that @BittrexGlobal has included #IOTA in its family of digital assets!
Sydney Ifergan, the crypto expert, tweeted: "The more numbers of listings in good cryptocurrency exchanges, the better.
The IOTA Hardware boost will help improve networking capabilities.
The honeycomb OS release is expected to make IOTA and Tangle more seamless. The honeycomb OS is embedded in the Linux Distribution, which is tailored to suit IOTA nodes,…
The honeycomb OS will work on the meta-iota supported by the IOTA Ecosystem Development fund.
The official release states: “honeycomb OS is meant to be as minimalist and light as possible, so all CPU power is used for Tangle related computations.
IOTA (MIOTA) broke out from its ascending triangle. It is finding support from 2900 satoshis with resistance at 3200 and 3450 sathosis.
Just like any other price trend, a pullback is expected. To decide on the right point of entry in trade, investors should have an understanding of the validity of the price.
Considering the short-term trading prospects, the RSI did not show any weakness despite the MIOTA considered to be in the overbought territory.
This allows for the possibility that the price continues to increase until it reaches the next resistance area at 3450 satoshis.
If a pullback should occur in the 2900 satoshis area, it might serve as a support for the point of entry for the trade per technical analysts.