Europe’s Bitpanda exchange announces IOTA listing on June 14: IOTA price battles for consolidation above $1.70
|- IOTA will be available for trading on June 14; the listing has been confirmed by both IOTA and Bitpanda.
- The 100 SMA is preventing upside movements at $1.75, while the 200 SMA offers support at $1.70.
Europe’s number one retail exchange for purchasing and selling digital assets, Bitpanda has announced that it will be adding IOTA. Bitpanda says that that the listing comes after the public demanded to have the asset listed. IOTA will be available for trading on June 14; the listing has been confirmed by both IOTA and Bitpanda.
IOTA price is still locked within the contracting triangle pattern that has been forming since the beginning of the month. The 100 SMA is preventing upside movements at $1.75, while the longer term 200 SMA is supporting the price at $1.70. IOT/USD is currently exchanging hands at $1.72, besides there is weak bullish momentum shaping up on the chart. The bearish trendline will also offer resistance as the price battles to retrace steps.
The buyers are looking forward to $2.0, but the resistance at the 38.2% Fib retracement level with the last high leg at $1.99 and a $1.52 low slightly above $1.80 is a significant hindrance. There is a short-term support at the 61.8% Fibo marginally above the vital $1.70. Declines below this level will be stopped by a support from the ascending trendline slightly above $1.65.
IOT/USD 1-hour chart
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.