IOTA welcomes Airbus Group VP of IoT, Anes Hodžić to the board: IOTA price jumps 4.57% on the day
- “We are very excited to have Anes as an advisor to the IOTA Foundation…,” IOTA wrote.
- IOTA price is trading between the moving average support and resistance.
IOTA Foundation is delighted to announce that the Vice President Digital Transformation and Internet of Things (IoT)at the Digital Transformation Office of Airbus Group, Anes Hodžić to its advisory board. Anes Hodžić is in charge of strategy as well as the execution of IIoT initiative in all of Airbus divisions. In addition to that, he supervises Digital Transformation at Airbus on a Group level basis. The official IOTA news Medium showers Anes Hodžić with praises while acknowledging his professional achievements. A section of the blog post announced states:
"We are very excited to have Anes as an advisor to the IOTA Foundation. His experience with digital transformation within big industrial companies coupled with his deep expertise in the field of Industrial Internet-of-Things will be a great asset for the Foundation in the IIoT."
Anes Hodžić is also excited to be joining the IOTA Foundation. He will help the company in its quest to increase the IoT use cases in various businesses in the current and future economy.
“It is my pleasure to join the advisory board of IOTA foundation. I’m looking forward to help IOTA team driving the revolution of IIoT by enabling disruptive industrial use-cases and new big data driven business models.”
IOTA price analysis
IOTA price is trading between the moving average support and resistance. The crypto is currently correcting lower after running into resistance at $1.011. It also rejected the support at $0.960 (current resistance). Although, IOT/USD seems to be supported by the 68.1% Fib retracement level with the last swing high of $1.011 and a swing low of $0.9117 at $0.9757.
The price has also broken out of the ascending channel support, but as mentioned the 100 SMA on the 15-minutes chart is also proving support at $0.9735. Consequently, a stronger support rests at $0.9700. On the upside, $0.9900 is the immediate resistance below the 50 SMA resistance. It is essential that IOT/USD breaks above this level, but first, it must clear the trendline resistance. The next resistance target is at the supply zone at $1.000 and $1.0115 respectively.
IOT/USD 15-minutes chart
Author
John Isige
FXStreet
John Isige is a seasoned cryptocurrency journalist and markets analyst committed to delivering high-quality, actionable insights tailored to traders, investors, and crypto enthusiasts. He enjoys deep dives into emerging Web3 tren
