IOTA price forms mini cross death despite the update returning keys

Iota continued her trend of falls this week, reached the lowest level for more than two weeks, even while developers further progress has been made on a retreat.

IOTA (Iota) Token fell on weekly low from $ 0.1743 on Monday as Bitcoin (Btc) Other Altcoins slipped. He then stabilized at $ 0.2230 on Friday, but 30% of the lowest level this week.

The coin withdrew despite the progress in progress Tested TestNet. In the statement, developers reported that the larger validator joined the testnet, including the share, which has over $ 3 billion in a permanent, together with realizing, candiders, infragising and caching. Other validators include a commitment to the spectrum, placing the workplace and the Alum Laboratory.

These validators will also help fasten the IOTA network when recovers switches to Majnet. The upgrade will present several new functions in IOTA, including parallelized Etherum virtual machine and molevm, complete decentralization and speed up to 50,000 transactions per second. This was noticed as a solan (Salt) Handles less than 5,000 TPS.

In addition, IOTA owners will be able to invest their tokens and earn between 10% and 15% API. It is a significant figure, given that US governments bonds give less than 5%, while popular cryptocurries like Etherem (El) and sui (Sui) Offer Representation of yields of 3% and 2%, respectively.

Iota hopes that it will position him as a sustainable alternative to chains such as Etherum, Solana, Aptos and Cardano.

Technical analysis of IOTA price

The daily shows that the IOTA token reached the peak to $ 0.6293 in December after the announcement. Since then, it fell by over 64% and now it is hovering near its lowest level from November.

Iota formed a mini-fatal cross, as the 50-day and 100-day crosswalks crossed. This form often signals further flakes. The token also switched below a key support level of $ 0.2530, its lowest point 20. December.

Currently, IOTA fell to 78.6% Fibonaci level retraž (the relative power index and MACD indicators point to downwards, but are no longer in reselling.

As long as the price remains below the point of 50% disorders to $ 0.30, IOTA could stay at risk. The permanent decline could see that falls until last year’s lower than $ 0.1035.