IOTA

DeFi

Dogecoin

April

<div class="coinjournal">
 <ul>
 <li>IOTA price is down 4% in the past 24 hours and trades near $0.30.</li>
 <li>The IOTA team announced a key partnership in Singapore,but is the price set to bounce or dip futher?</li>
 </ul>
 IOTA’s <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> has declined 5% in the past 24 hours to trade near a key <a rel="noopener noreferrer nofollow" title="support" href="https://thebittimes.com/tag/support.html">support</a> level. The slip now has weekly gains cut to just 2% while the altcoin has turned red on the monthly time frame.
 The IOTA token trades at $0.31, down from recent highs of $0.41. This cryptocurrency is also one of the worst performing since the 2017 bull market. Per data from CoinGecko, IOTA is down more than 94% since its all-time high above $5.25 reached over six years ago.
 On Tuesday, IOTA announced a major partnership with Tenity as it looks to tap into the growth potential in the Real-World Assets (RWAs) and DeFi sectors. The APAC Accelerator is a 12-week program that will see select startups receive $50k in grants.
 <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
 📣 Big news from Singapore! We’ve teamed up with @tenity_global to launch the #IOTA APAC Accelerator, a 12-week program to empower the next generation of DeFi pioneers.💪
 Find out how you can apply &amp; receive a $50,000 grant 👇 https://t.co/R4EQAVaX4O pic.twitter.com/rKQp9jJqDa
 — IOTA (@iota) April 9, 2024
 </blockquote>
 
 Despite this and other recent key developments, price remains largely devoid of any strong momentum.
 <h2 id="span-style-font-weight-400-iota-price-bounce-or-dip-span">IOTA price – bounce or dip?</h2>
 Bitcoin’s run to the new all-time high above $73k in March catalysed strong gains for most altcoins. Ethereum for instance reached a multi-year peak above $4,000 while Solana, BNB and even Dogecoin soared.
 IOTA did manage to break above $0.30 during the broader market spike in March. However, it remained well below its 2021 highs above $2 and as a result has dropped out of the top 100 by market cap.
 Can IOTA’s <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> recover to the last bull market highs and potentially eye a retest of its ATH? 
 <h3 id="span-style-font-weight-400-iota-chart-outlook-span">IOTA chart outlook</h3>
 IOTA/USD on the weekly chart is below the 50-week EMA and the RSI is trending lower below 50.
 A symmetrical triangle pattern is also formed on the daily chart, with <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> capped by a downtrend line since mid-March.
 <img decoding="async" class="alignnone size-full wp-image-197858" src="https://cdn.thebittimes.com/images/2024/04/10/4091f332b0e7576f110ba884ea0c371b.webp" alt="" width="1074" height="545">
 If <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> breaks out from the upper trend line, IOTA could retest levels at $0.35 and potentially $0.41 to allow for a bullish breakout in line with the broader market.
 On the flipside, a breakdown for IOTA from the lower trend line would indicate a bearish trend. In this case, a drop to $0.20 is possible, below which bears could target October 2023 lows of $0.13.
</div>
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/iota-price-nears-a-key-support-can-bulls-bounce-on-key-news-tbt84955.html">https://thebittimes.com/iota-price-nears-a-key-support-can-bulls-bounce-on-key-news-tbt84955.html</a>

IOTA price nears a key support: Can bulls bounce on key news?

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