IOTA Price Prediction: IOTA coin dumps 6% as savvy investors flock to pre-sale gambling on this cryptocurrency with explosive potential.

IOTA price fell 6% in the last 24 hours. Traded for $0.234 As of 5 a.m. EST, trading volume had fallen 75% to $200 million.

Despite this decline, optimistic sentiments prevail among buyers as the token’s weekly performance shows a notable 28% increase.

This change in market dynamics follows a significant surge in the price of IOTA yesterday after IOTA announced that it would invest $100 million in the IOTA ecosystem DLT Foundation in Abu Dhabi over the next four years.

IOTA Price: May 2022 Bull Target Key Resistance

After a period of strong consolidation since June 2023, IOTA bulls have proven their resilience by building firm support around $0.136. This support level acted as a catalyst to push the price towards the consolidation upper limit of $0.206.

However, after a brief correction to the support at $0.16, the bulls regained control and the price rose sharply, but hit resistance at $0.291, triggering another correction by the bears. If this correction persists, it could potentially force the bulls to retreat to the important support area at $0.16. Importantly, this support level coincides with the 50-day and 200-day simple moving averages (SMAs).

The Relative Strength Index (RSI) broke away from overbought conditions and fell below 50, stabilizing at 42. Despite this decline, RSI’s recovery to the current trading level of 72 suggests strong buying pressure in the market.

IOTA price strength

IOTA remains in a strong bullish position with support from the 50-day and 200-day SMA and RSI converging, indicating continued buying interest.

If this fundamental support is established, there is a chance that the bulls will regain momentum and overcome the previous resistance at $0.291. This could pave the way for buyers to add more positions, targeting 2023 highs and May 2022 highs of $0.393.

However, bears can take advantage of a correction phase to erode existing gains.

In such a scenario, the important support zone at $0.205 could be a protective cushion for the bulls to revive and maintain the bullish momentum.

Meanwhile, IOTA investors can consider the TG.Casino token, which is performing noticeably well in the pre-sale project, showing that it is a strong competitor to its rivals in the gaming industry.

TG.Casino: Pre-sale price will increase within 24 hours

soaring success TG Casino Pre-sale This may be due to the excitement surrounding the promising opportunities associated with the $TGC token.

imposing Reservation performance Holders of over $3.17 million worth of $TGC tokens are eagerly awaiting a price surge when TG.Casino goes public.

Right now you can buy TGC tokens at a discounted price of $0.17 per token, but the price is expected to rise within 24 hours.

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Now fully integrated into the TG Casino platform, the $TGC token has garnered significant attention and significant demand momentum due to its unique cashback incentive.

You can bet on the TG Casino app using your favorite cryptocurrency, but if you bet using TGC tokens you will receive a 25% net cashback on your losses.

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An impressive 78.72% of $TGC’s current circulating supply is currently locked in staking vaults, highlighting the appeal of this lucrative staking mechanism.

Early adopters of the staking program are already realizing profits, as evidenced by receiving distributed shares worth $5.1 million TGC in staking rewards. TGC strengthens its proposition through attractive incentives, such as its recent airdrop event, which generously gave away an impressive 16 million TGC tokens to token holders.

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