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 - EconoTimes)
IOTA's Tangle is an open, feeless, and scalable distributed ledger, designed to support frictionless data and value transfer. It is the first distributed ledger built for the "Internet of Everything" - a network for exchanging value and data between humans and machines.
IOTA features
Transactions per second 1000
Speed- 1-3 sec
IOTUSD showed a minor jump after a minor consolidation.
Any daily close above $0.50 confirms further bullishness.
IOTUSD jumped more than 35% in the past five days. The pair holds well above the short-term (21 and 55 EMA) and long-term moving average. It hit a high of $0.3770 and is currently trading around $0.3681.
The bullish invalidation can happen if the pair closes below $0.25. On the lower side, the near-term support is $0.33. Any break below targets $0.30/$0.25. significant downtrend if it breaks $0.250.
The immediate resistance stands at around $0.50. Any breach above confirms bullish continuation. A jump to $0.70/$0.880 is possible. A surge past $1 will take it to $1.35.
It is good to buy on dips around $0.30 with SL around $0.23 for TP of $1.
