IOTA Crypto Price Prediction October
Disclaimer: The Industry Talk section contains insights from crypto industry players and is not part of the editorial content of Cryptonews.com.
IOTA crypto continues to print higher lows and is now up over 3.5% in the last 24 hours. Technical indicators also suggest that IOTA may soon make progress back to the $0.30 price levels.
Will IOTA start pumping again soon?
IOTA Crypto Price Prediction October
Over the past 150 days, IOTA has been trading within a consolidation pattern ranging between the price of $0.387 and $0.232.
If the blockchain markets turn bullish later in October, there is a good chance we could see IOTA attempt to retest the next resistance level at $0.34 and perhaps secure the next technical target at $0.45.
The current prices we see today for IOTA have also been reflected in the past during the bear markets of 2018-2020, which makes us question whether IOTA is now undervalued?
Buying IOTA in March 2020 during the Covid-19 crash would have given investors up to 5000% gains if they held onto the peak of the 2021 bull run.
From a technical analysis perspective, IOTA looks quite bearish, but current price levels could potentially lead to strong gains in the next crypto bull run if history decides to repeat itself.
IOTA has been trading in this particular channel for over 150 days since the Terra Luna crash in May.
The bullish scenario is that IOTA recovers back up to $0.34 and then continues to pump up to $0.45. This particular impulse wave will see a price increase of approximately 74.33%.
It is difficult to determine what may happen for the crypto markets in the coming weeks, but if IOTA is able to consolidate further through October, there is a good chance to break out to the upside.
$0.249 acts as a key level of support that is important not to lose otherwise we could see IOTA potentially fall to $0.23 or lower. This would be a new local low for this particular market cycle and be devastating for long-term owners.
IOTA crypto video analysis
IMPT Token Carbon Offsetting Alternative to IOTA?
IOTA is one of the more sustainable crypto choices the blockchain markets have to offer, but a new contender has arrived known as IMPT Token.
The IMPT platform provides an overwhelming carbon offset program where you, as a potential investor, can contribute to an ecosystem that connects socially responsible brands with businesses and individuals who want to reduce their carbon footprint.
While IOTA still has the potential to pump beyond 10x and has achieved amazing milestones, you may have to wait until the next crypto bull run in 2024-2025 to realize such returns.
IMPT Token is currently in presale and has already raised a whopping $3,670,217 in just over a week. There is a good chance that it will launch for public sale in the 1st quarter of 2023, and the holders expect a large upside potential of up to 50 times returns.
If you find yourself quite fed up with the current situation from the crypto markets, IMPT Token can shine a light on your portfolio and be the next coin to explode this bear market.
Interested parties can head over to the official impt.io website to examine the white paper and secure IMPT tokens today before the sale.
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