IOTA

The worst-performing altcoins have come under renewed selling pressure after being rejected at their overhead resistance levels.

The price drop on January 3 had a significant impact on the worst-performing cryptocurrencies: HNT, BONK, MINA, IOTA, EGLD.

Cryptocurrencies have skyrocketed as they approach the overbought zone. At the time of writing, USTC, LUNC, IOTA, ROSE and INJ are rallying while others are pulling back to regain their upward momentum.

The worst performing cryptocurrencies have retreated to the bottom of the chart. ASTR, XLM, MIOTA, KLAY and FLR price analysis from Coinidol.com.

For the past week, IOTA has been trading between $0.21 and $0.23 after the bulls attained the peak price of $0.26 and the coin reached the overbought reason.

On May 30, IOTA bulls rebounded thrice as the crypto reached a high of $0.26. Before now the market was in a sideways trend as buyers struggled to push the price above the $0.21 resistance.

After the recent surge in price by BTC, other crypto currencies are making positive moves after attaining a bullish break. Binance Coin, NEO, Bitcoin SV are making positive moves except for Stellar and IOTA.

In an effort to improve the situation on the roads, U.K-based car manufacturer Jaguar Land Rover (JLR) is experimenting with smart wallet technology that will enable auto enthusiasts to be rewarded in the form of IOTA cryptocurrency for various actions like reporting traffic jams, potholes, accidents etc. to responsible local authorities.

Several Italian companies in the field of blockchain including Intesa SanPaolo group, Italia4Blockchain association, together with other major firms including IBM, Ripple, IOTA, Cardano, ConsenSys, have officially joined the International Association for Reliable Applications Blockchain (INATBA).