According to the candlestick chart connected to the IOT/USDT pair on tradingview [based on observations drawn from the Bitfinex Exchange], sellers are trying hard to push the altcoin down towards the support lies which lies near $0.2444. Barriers may play a definite role if $MIOTA rebounds and heads towards $0.3005 in a while.
The MACD line has stayed north of the signal line for the past 4 days, however, the gap between the two shrunk over the span of a day. This signifies that bullish forces are gradually lessening. The daily RSI [for 14 periods] sits at 51.14 after it was at 56 a day back, and its downward progression points to a rising level of activity from buyers.
From 29th October onwards, the peaks tied to the Awesome Oscillator have all adorned the green shade. This signifies that bulls are yet to give up and fade away completely.
IOTA is ranked at #17 underneath Chainlink as well as Huobi Token in the market. The price fell at a rate of 3.21% in the course of the past 24-hours; this, in turn, brought $MIOTA all the way down to the $0.275907 mark where it currently holds. The total market cap of IOTA amounts to $766.89 million. The trading volume recorded stands at roughly $8.997 million as of this very moment.
The idea of a Data Confidence Fabric will soon be utilized, as a result of a collaborated effort involving DELL as well as the Linux Foundation. The official press release states, “Project Alvarium will foster a community to collaborate on the baseline open-source framework and related APIs that bind together the various ingredients that constitute trust fabrics, as well as to define the algorithms that drive confidence scores as data flows through any given implementation”