IOTA price analysis: IOTA/USD dancing on dangerous ground at $1.00; Users can buy IOTA with cash on Bitpanda
|- Bitpanda customers can now buy IOTA token using cash at over 400 Post Office branches in Australia.
- IOTA price is supported at $1.00, however, it is risking a slide into the $0.90 range.
IOTA price is holding on to the edge of a cliff supported by the bullish trendline at $1.00. The intraday upside movements have been limited below $1.02. The trend is strongly bullish but the buyers lack the power to push the price higher. The 50 Simple Moving Average is also limiting the gains slightly above $1.00. Moreover, another short-term resistance is presented by the 100 SMA at $1.011.
Bitpanda has announced support for IOTA and this time it gets even better. The users in Australia will be able to buy IOTA token using cash at 400 Post Office locations. This feature is made possible using Bitpanda To Go. Customers will only need email addresses to buy the coins because Bitpand has integrated the wallet.
During the trading session on Monday, IOT/USD traded above the key resistance at $1.04 before starting to correct lower. It exchanged hands below $1.00 but the support at $0.98 stood firm preventing declines towards the previous lows at slightly below $0.90. At the moment, IOTA price is supported at $1.00, however, it is risking a slide into the $0.90 range.
IOTA 15’ chart
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