IOTA processes a rare Bilhny pattern in front of a rebated upgrade

Iota token The price moved laterally in the last few days, because it formed a rare Bikarska pattern in front of the rebating upgrade.

IOTA (Iota) It was traded from $ 0.16670, several points above the year low on the day of 0.1360 USD. Remains significantly below last year’s high of $ 0.6375.

The coin could experience great gains in the next few weeks because developers reveal an upgrade. Although the date has not been announced, there are rumors that this will happen later this month.

The main upgrade is trained that will cross the network in a more affordable layer-1 network. This will introduce full decentralization using delegated investment technology with over 50 validators.

This decentralization means that IOTA will introduce the commitment, where the delegators will receive an annual return of 10% and 15%. It will be a significantly higher return from popular evidence like Etherem (El) and Solana (Salt).

Iota will also switch to the consensus of mystical, which will make it one of the fastest players in the cripto, handling over 50,000 transactions per second. In contrast, Etherum handles less than 50 TPS, while Solana has less than 3,000.

IOTA will also become deflationally because it will introduce a mechanism for burning fees. Burning is a process in which the CRIPTO project reduces the number of tokens in circulation by sending an inaccessible address.

IOTA price analysis

The daily card shows that Iota token formed a rare pattern known as a falling wedge. This form contains two descending and converging trends trends. In the case of IOT, these two lines will soon be convergated, raising the possibility of improvement in advance.

The relative power index and MACD indicators also formed a pattern of bacara divergence.

This situation is a place where these oscillators increase as the price of the property is returned back. That will probably have a token probably burst in the coming weeks. The goal will be from $ 0.4175, the highest point in March last year, which is about 150% above the current level.