Although the largest digital currencies are all lower, IOTA was the first to provide a short-term sell signal, and the coin which was leading the market higher before could be among the first to form a bottom. That said, traders should wait before entering new positions here, with support zones found near $1.70 and $1.50.
As the correction is dominantly technical in nature, traders and investors should be looking for reversals near the key levels in all of the coins in the coming days, so stay tuned for our detailed technical analysis coming out later on today.
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