IOTA continues to create higher lows and respect the ascending trendline on a daily timeframe. Price has cleared the key resistance $0.3244, which is now being tested as support. The crucial element for short-term price action is to see is if the weekly candle can close above this level, with upside targets looking at $0.39-40. Should the trendline not hold, however, downside support can be found at $0.28-29. There have not been many major fundamental news announcements from the IOTA team recently. However, showcasing to the UK Parliament in March underlined the long-term potential that the IOTA project has.