IOTX Climbs 13%, as GRT Leads Gainers on Tuesday  – Market Updates Bitcoin News

Following a slow start to the day, cryptocurrency markets rebounded during the afternoon, as bulls regained optimism prior to Wednesday’s FOMC meeting. GRT was among the most significant to rise, and IOTX saw double-digit gains.

GRT (Graph)

On Tuesday, GRT rose to its highest level since February 18, leading Tuesday’s gainers, following a choppy trading session.

The markets were volatile at the beginning of the session, but they rose over time, with the GRT/USD increasing by more than 20%.

As this article was written, GRT/USD had traded at 20.6% above its intraday peak of $0.432, when prices broke the resistance of $0.374.

As the Relative Strength Indicator 14 days surpassed 56.05 for the first time since November 27, this move was also made.

The chart shows the RSI tracking at 62. It is however overbought and still lower than its October peak of 73.

Bulls may target the $0.500 threshold next if this trend continues.

Iotex (IOTX).

IOTX also saw a double-digit increase on Tuesday. It shattered its previous support level and reached its highest point in 2 weeks.

Following a low of $0.06839 only yesterday, IOTX/USD recorded a high of $0.07874 during Tuesday’s session.

Prices rose by up to 13% and the support level at $0.06650 was maintained following attempts at breakout.

GRT has not reached its resistance at $.08175, but the 14-day is now at its highest point since February 15th, which may be a reason for bulls to return.

We could witness a bull market similar to that of February 8, which saw prices rise to $0.1290.

IOTX will continue to be bullish tomorrow, do you think? Please share your views with us in the comments.

Eliman Dambell

Eliman is an experienced market analyst with a diverse perspective. Eliman was a broker director and educator in retail trading.