$AIOT 1D Analysis: Bearish Sentiment Dominates

In the current market landscape, bearish momentum prevails as price teeters just above critical support. The outlook is increasingly grim for any bullish attempts.

The trend remains firmly bearish, with price hovering near support at 0.3789. A definitive close below this level could pave the way for further declines towards 0.3140 or even down to 0.2664. Short-term rallies might encounter resistance around 0.4400 and 0.5000; traders should watch for clear signs of rejection at these levels to initiate short positions. A retest at 0.4400 or 0.5000 with bearish confirmations presents an opportunity to target 0.3800 and possibly extend to 0.3140 if momentum persists.