IOTA [MIOTA], Ethereum Classic [ETC], NEO [NEO] bounce back: Technical Analyses and Latest Updates

IOTA [MIOTA], Ethereum Classic [ETC], NEO [NEO] bounce back: Technical Analyses and Latest Updates 20750
Analysis
Jessica Kuruthukulangara
Aug 10, 2018 at 4:30 AM

After battling intense selling pressure, most cryptocurrencies are recovering. IOTA [MIOTA], Ethereum Classic [ETC] and NEO [NEO] are all trading in the green, and may see better days ahead.

MIOTA/USD

IOTA [MIOTA] is exhibiting decent upward movement, in line with the broader recovery seen in the cryptocurrency market. The digital asset found support at $0.61, and rose further. MIOTA is attempting to break out from the current resistance level, noted at $0.67. However, the crypto is currently exhibiting a brief consolidation.

The 100 EMA line shows that the coin is in a downtrend while the MACD indicates that it is trading in the bearish zone. The virtual currency is in a significant trading range of $0.59-$0.69. As of 2114 GMT, MIOTA had climbed 5.7 percent against the U.S. dollar to trade at $0.66.

IOTA [MIOTA], Ethereum Classic [ETC], NEO [NEO] bounce back: Technical Analyses and Latest Updates-BCFocus

IOTA Latest Updates

  • Sergey Ivancheglo, co-founder of IOTA, stated that he “no longer” trusts Dominik Schiener, the other co-founder of IOTA, in a leaked chat-log transcript posted on Pastebin. The reason behind the conflict, however, is not being mentioned anywhere. Instead, the transcript shows discussion in great detail about the process of Schiener’s removal.
  • IOTA, the Internet of things (IoT) distributed ledger project, has announced that it is planning to expand its territory to North America. Wilfried Pimenta, head of business development at IOTA Foundation, announced that the foundation is looking for a new business development manager in North America.

ETC/USD

Ethereum Classic's [ETC] price is improving in the market. The coin found support at $14.6 but failed to gain rapidly. The crypto is currently attempting to break out for the resistance level, noted at $15.3.

See also: Cardano [ADA], TRON [TRX], Monero [XMR] notch new lows in bear market: Techincal Analyses and Latest Updates

The 100 EMA line shows that ETC is in a downtrend while the MACD indicates that the virtual currency is trading in the bearish territory. The coin is exhibiting a significant trading range of $14.3-$15.4. As of 2134 GMT, the digital asset had inched up 1.6 percent against the U.S. dollar to trade at $15.25.

IOTA [MIOTA], Ethereum Classic [ETC], NEO [NEO] bounce back: Technical Analyses and Latest Updates-BCFocus

ETC Latest Updates

  • Grayscale, a cryptocurrency-focused investment trust, declared that its Ethereum Classic [ETC] holdings have exceeded other digital currencies. The holdings in ETC have reached $90 million, and is second only to Bitcoin [BTC], according to Grayscale’s list.
  • Bittrex, a U.S.-based crypto exchange, will soon offer U.S. dollar (USD) trading for Ethereum Classic [ETC], along with Ripple’s XRP. The exchange plans to launch the new USD trading pairs on August 20.

NEO/USD

NEO [NEO] is tracking its crypto peers and showing signs of recovery. The coin found support at $21.4. The virtual currency is exhibiting a brief consolidation phase and is attempting to break out from the current resistance level, which can be traced at $22.5.

See also: Bitcoin Cash [BCH], Stellar Lumens [XLM], Litecoin [LTC] win against bears: Techincal analyses and latest updates

The 100 EMA line indicates that the digital asset is in a downtrend. The MACD shows that the coin is locked in the bearish zone. The significant trading range for the crypto at the time of writing was noted at $20.8-$22.9. As of 2152 GMT, NEO had jumped close to 4 percent against the U.S. dollar to trade at $22.9.

IOTA [MIOTA], Ethereum Classic [ETC], NEO [NEO] bounce back: Technical Analyses and Latest Updates-BCFocus

NEO Latest Updates

No further updates from NEO after the potential partnership with the verification platform, CertiK to step up the security of its smart contracts.

Image via Shutterstock

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