When the weekend comes around, it is always difficult to make sense of the overall cryptocurrency market momentum. This weekend is no different, although a fair few markers suffer from bearish pressure. Very few offerings can buck this trend, and it would appear the IOTA price is feeling the pressure at this time.

IOTA Price Pressure Intensifies

It is not uncommon for the top crypto markets to flash some bearish signals during the weekend. Most of the weekends to date have resulted in either minor losses or very minor gains for these markets. Today, the pressure seems to be in full effect, especially now that Bitcoin has dipped in the red for no apparent reason. This usually doesn’t bode well for markets in the top 25, as IOTA clearly illustrates.

Over the past few hours, the IOTA price has lost 1.17% in USD value and 1.03% over Bitcoin. Because of these setbacks, the current price sits at $0.304924, or 7,463 Satoshi. Although these levels are still more than respectable, one has to wonder if things will remain anywhere…

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Source: https://themerkle.com/iota-price-drops-again-as-markets-show-bearish-signs/