Huobi x CoinMarketCalA Coin To Keep An Eye On — IOTA!

This article was first published on Huobi Group - Medium
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👀Huobi x CoinMarketCal👀A Coin To Keep An Eye On — IOTA!

🔹What is IOTA?

IOTA is an open-source distributed ledger and cryptocurrency designed for the Internet of things (IoT). It uses a directed acyclic graph to store transactions on its ledger, motivated by potentially higher scalability over blockchain-based distributed ledgers. IOTA does not use miners to validate transactions, instead, users that issue a new transaction must approve two previous transactions and perform a small amount of proof of work. Transactions can therefore be issued without fees, facilitating microtransactions.

Airdrops up to $1000 — Trade min $100

📅 Recent Event via coinmarketcal.com!

The Chrysalis (IOTA 1.5) Public Testnet is live! As we progress towards 2.0, we welcome everyone to test and provide feedback on all the key components available, including the new CLI wallet, faucet, our new js library, and more.

IOTA | USDT — Dec.14th , 5:19 EST , 1 Day Chart!

📈 Analysis

The first half of December retraced most of IOTA’s November gains — but are bulls accumulating for the next move upward?

Last Friday, the price bounced from a significant weekly level near $0.2658 as it swept stops below the low near $0.275. This move could be setting the stage for the first crack at resistance just under the December monthly open near $0.3215.

If this move occurs, bulls will likely find entries at probable support near $0.2834 — confluent with a significant monthly level. If this level breaks instead, bulls can anticipate support near the consolidation range’s midpoint around $0....

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