IOTAs currency price rose in latest intraday trading after exiting a descending price channel that guided recent short-term trading, with ongoing positive pressure due to trading above the 50-day SMA, managing to pierce the current resistance of $0.1919, but countered with negative signals from the Stochastic after reaching overbought levels, representing an obstacle ahead of the prices future gains.

Therefore we expect the price to gain ground as long as it settles above $0.1919, targeting the first resistance at $0.2077.

Todays price forecast: Bullish