{"id":21288,"date":"2023-05-30T15:21:55","date_gmt":"2023-05-30T15:21:55","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/iota-price-hits-1-month-high-above-0-22-bitcoin-tests-28k\/"},"modified":"2023-05-30T15:21:55","modified_gmt":"2023-05-30T15:21:55","slug":"iota-price-hits-1-month-high-above-0-22-bitcoin-tests-28k","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/iota-price-hits-1-month-high-above-0-22-bitcoin-tests-28k\/","title":{"rendered":"IOTA price hits 1-month high above $0.22, Bitcoin tests $28k"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/05\/1685453719359-762c0aea-efc2-4c7c-bcea-b4e7438789e6-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/05\/1685453719359-762c0aea-efc2-4c7c-bcea-b4e7438789e6-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/05\/1685453719359-762c0aea-efc2-4c7c-bcea-b4e7438789e6-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/05\/1685453719359-762c0aea-efc2-4c7c-bcea-b4e7438789e6-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li dir=\"ltr\">IOTA price rose as high as $0.22 as Bitcoin retested $28k for the first time in weeks.<\/li>\n<li dir=\"ltr\">Ethereum price also rose on Tuesday, breaking above $1.9k as sentiment on US debt ceiling deal buoyed markets.<\/li>\n<li dir=\"ltr\">IOTA price is out of a descending triangle but needs to hold above $0.20 to maintain the upside advantage.<\/li>\n<\/ul>\n<p dir=\"ltr\"><a href=\"https:\/\/coinjournal.net\/iota\/\">IOTA price<\/a> rose as high as $0.22 on Tuesday as sentiment flipped positive for the Tangle token.\u00a0<\/p>\n<p dir=\"ltr\">As of writing, the IOTA\/USD pair was trading around $0.21 about 5% up in the past 24 hours and over 20% up in the past month. Indeed, IOTA\u2019s gains over the past day had seen the token tap a one-month high, with the last time it traded above $0.22 being in mid-April.<\/p>\n<h2 dir=\"ltr\">IOTA gains as Bitcoin tests $28k<\/h2>\n<p dir=\"ltr\">The gains for IOTA coincided with an uptick for <a href=\"https:\/\/coinjournal.net\/bitcoin\/\">Bitcoin price<\/a>, with BTC surging to above $28k for the first time in nearly three weeks. The upside for the bellwether cryptocurrency happened amid a flip in investor sentiment across the broader market as the <a href=\"https:\/\/coinjournal.net\/news\/why-is-the-crypto-market-up-today-imminent-debt-ceiling-vote-boosts-the-market\/\">US struck a deal to raise its debt ceiling<\/a> and avoid default.<\/p>\n<p dir=\"ltr\"><a href=\"https:\/\/coinjournal.net\/ethereum\/\">Ethereum<\/a> notched gains to above $1,900 and XRP broke above $0.50 as the community eyed the outcome of the Ripple vs. SEC case.<\/p>\n<h2 dir=\"ltr\">IOTA price outlook: What next for IOTA\/USD?<\/h2>\n<p dir=\"ltr\">The technical perspective for IOTA price shows a consecutive four-day bounce on the daily time frame. IOTA\/USD has broken out of a descending triangle that had price restricted below $0.20.<\/p>\n<p dir=\"ltr\">But as can be seen on the chart below, the RSI has pierced the overbought line and indicates the potential for a retest of the trendline.\u00a0<\/p>\n<div class=\"fr-img-space-wrap\"><span class=\"fr-img-caption fr-fic fr-dib fr-draggable\" style=\"width: 700px\"><span class=\"fr-img-wrap\"><\/p>\n<p dir=\"ltr\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/media.igms.io\/2023\/04\/30\/1685453435702-c3c3ae03-1541-4f21-8267-2b726a572b8f.png\" style=\"width: 700px\" class=\"fr-fic fr-dib\" width=\"700\" height=\"288\"\/><span class=\"fr-inner\">IOTA price daily chart. Source: <a href=\"https:\/\/www.tradingview.com\/x\/OdJnhupx\/\" rel=\"noopener noreferrer\" target=\"_blank\">TradingView<\/a><\/span><\/p>\n<p><\/span><\/span><\/p>\n<p class=\"fr-img-space-wrap2\">The robust horizontal hurdle near $0.23 is also key to bulls\u2019 ambitions \u2013 break out here and they could target a 20% ride to $0.28.<\/p>\n<\/div>\n<p dir=\"ltr\">While the MACD is positive and indicates momentum remains with the buyers, failure to turn $0.20 into support could welcome bears to target $0.17.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/iota-price-taps-1-month-high-as-bitcoin-retests-28k\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) IOTA price rose as high as $0.22 as Bitcoin retested $28k for the first time in weeks. Ethereum price also rose on Tuesday, breaking above $1.9k as sentiment on US debt ceiling deal buoyed markets. IOTA price is out of a descending triangle [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":21289,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/21288"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=21288"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/21288\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/21289"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=21288"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=21288"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=21288"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}