Looking like the beginnings of a pump and dump. Into the pump phase, possible targets above 3$ would be easy considering crypto volatility. Combined with the fact that IOTA has barely rallied, now that BTC has reached extreme heights, pumping relatively small-cap coins is going to be very common for a bit. The same thing happened in 2017 after BTC hit 20k.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.