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The IOTA price pumped 39% in the last 24 hours to trade at $0.233219 as of 11:45 a.m. EST.
The recent increase in value may be linked to reports indicating that the IOTA Ecosystem DLT Foundation is obtaining a substantial investment exceeding $100 million in IOTA tokens within the next four years.
Such financial support would play a critical role in fostering the growth of the IOTA ecosystem and facilitating the expansion of the IOTA protocol in Abu Dhabi.
IOTA Price: Bulls Face Resistance at $0.27, Key Support Holds Strong
IOTA bulls have found strong support around $0.136, propelling the price to peak at $0.16. However, encountering resistance led to a correction by the bears, pushing the price back to the support zone at $0.16, coinciding with both 50-day and 200-day simple moving averages.
A rebound from this support level has the potential to strengthen the bulls, allowing them to overcome previous resistance and alleviate bearish sentiments.
The Relative Strength Index (RSI) pulled back from an overbought level, falling below the 50 mark and stabilizing at 42. Nevertheless, the recovery suggests strong buying pressure, with the RSI currently trading at 71.
The IOTA price is robustly bullish, substantiated by the 50-day and 200-day Simple Moving Averages (SMAs) and RSI. This underlying support has facilitated a breakthrough, propelling the price to $0.27.
With heightened momentum, there exists the potential for further upward movement as bulls target the $0.30 level.
Alternately, many investors seeking to diversify their portfolios are turning to the yPredict presale for guaranteed returns and passive income.
yPredict Raises $5 Million, Last Chance To Buy
yPredict (YPRED) has successfully raised $5 million in its eighth and final presale stage, with the last chance to buy YPRED tokens at a discounted rate of $0.11.
The rate will increase to $0.12 when the presale reaches its $6.5 million goal. Following this, the token will be listed on major exchanges.
🚀 Dive into the exciting world of crypto trading with #yPredict! 🤖
Our cutting-edge AI and machine learning tech empowers traders with invaluable insights for better-informed decisions and increased profit potential. Plus, we open doors for AI enthusiasts to monetize their… pic.twitter.com/ZtWFZVxJV6
— yPredict.ai (@yPredict_ai) October 17, 2023
yPredict, with its YPRED token, aims to revolutionize crypto analytics by providing traders with easy access to advanced insights through AI models that generate clear trading signals.
The platform allows traders to swiftly invest by offering real-time sentiment analysis on popular cryptocurrencies.
WriteMingle
In addition to its financial potential, yPredict has introduced a content creation tool called “WriteMingle” to strengthen its position as a powerhouse AI marketplace. WriteMingle, comparable to SurferSEO and Grammarly, is expected to disrupt content creation, enhancing the project’s overall utility and attractiveness to investors.
🚀 Exciting News! Introducing #WriteMingle, brought to you by #yPredict! 📝
Tired of searching for the perfect writers and managing your content creation process? Your search ends here with WriteMingle! 🌐
Say goodbye to the content chaos and hello to an efficient, high-quality… pic.twitter.com/7hVsiK7wp4
— yPredict.ai (@yPredict_ai) November 1, 2023
Jacob Bury, a popular YouTuber and crypto analyst, highlights yPredict as one of the “Top 5 Crypto Presales LAUNCHING SOON!” in his video, which provides detailed information about the project.
To purchase YPRED tokens, visit the official yPredict website, connect your digital wallet, and swap USDT, BNB, MATIC, or ETH. Alternatively, you can directly purchase tokens using your bank card.
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