*IOT/USD kick-start to stay afloat past the $0.20 level
*IOTA co-founder, David Sonstebo, to proffer compensation to the victims of the hack attack
*The coin is still 25% above the levels recorded at the start of the year
Taking into account the RSI on the daily chart has started to reverse from the oversold zone, the upside scenario seems likely; however, to alleviate the initial bearish pressure and pave the way for further recovery we may require a sustained momentum past the $0.2000 level.
From a technical standpoint over the four hours, on March 9th, amid significant crypto-currency losses triggered by global risk aversion, IOTA hit the bottom at $0.1777 level, while during today’s trading, IOTA hit an intraday low of $0.1930 as at early European hours and recovered to $0.2020 during the time of writing.
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