IOTA recently released IOTA Chronicle, which is going to be the Permanode solution. This will help the Node owners to store their IOTA transactions in the distributed, scalable, secure, and fast database.
It's finally here! Introducing IOTA Chronicle, our Permanode Solution. Node owners can now easily store all #IOTA transactions in a fast, secure, scalable and distributed database. Learn more about this new #permanode solution here: https://t.co/EYQzXZ7dk9#scylladb
— IOTA (@iotatoken) September 17, 2019
Considering the data and trend from last 5 days, IOTA price has shown a tremendous surging momentum. The lowest value was realized on September 13, 2019 at 03:05 UTC, when the coin was trading at $0.23441. The value from then increased by 8.32% as on September 16, 2019 at 05:40 UTC, when IOTA was seen trading at $0.2537.
A slight drop by 4.74% was seen on the same day at 13:40 UTC, when the value of IOTA dropped to $0.2415. The value from then has drastically increased by 13.48% as of now.
IOTA trend enters the bullish zone. This means that the short-term traders might want to opt for selling the investments for enjoying better returns. The resistance and support levels would help the traders to avoid the losses during moderate volatility. It is calculated as:
Resistance Levels:
R1: $0.269732, R2: $0.276362, R3: $0.286968
Support Levels:
S1: $0.252496, S2: $0.24189, S3: $0.23526
The short-term investment will fetch enough if the traders are quite vigilant with the given resistance and support levels.
The long-term investment, however, should be at a hold presently. Investors might have to be patient for some more time for fetching massive returns.
