On Tuesday, IOTA's price surged by almost 5%, reaching a one-month high of $0.22. This increase coincided with a rise in Bitcoin's price, which retested $28000 for the first time in weeks. Ethereum also experienced a boost, rising above $1.9k due to positive market sentiment regarding the US debt ceiling deal. IOTA/USD has broken out of a descending triangle that previously restricted its price below $0.20, but it needs to maintain a price above this level to maintain its upward momentum. The technical analysis for IOTA's price shows a four-day consecutive increase on the daily time frame, and a positive MACD indicates that the buyers still have momentum. Bulls have their sights set on the robust horizontal hurdle near $0.23, which could lead to a 20% increase to $0.28 if broken. However, if the $0.20 support fails, bears could target $0.17
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IOTA Price Surges Nearly 5% to One-Month High Amid Bitcoin and Ethereum Gains
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