IOTA Price Analysis: Advances to Fresh Highs Amid Cryptomarket Declines

IOTA (MIOTA) advances to fresh yearly highs of $2.74 amid the cryptocurrency market declines on April 16.

*IOTA hit new yearly highs at $2.74 on April 16
*IOTA was up by 16.56% in the last 24 hours and 34.74% weekly
*IOTA gears up for chrysalis network migration on April 25

IOTA (MIOTA) hit new yearly highs at $2.74 on April 16, despite the general market weakness. The crypto market saw some declines during Friday trading following Turkey’s ban on cryptocurrency transactions. Extension of the prior day’s 3.12% advance ended a five-day consolidation, signaling continuation of the uptrend from $1.27 (Mar 25 low). Further upside is likely to continue while price approaches the psychological $3 level with the RSI on the daily chart having room for further advance. At the time of writing, IOTA was exchanging hands at $2.50, up by 16.56% in the last 24 hours and 34.74% weekly.

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