$IOTA /USDT 4H Chart Analysis
“Is IOTA waking up from hibernation?” 🔗🧬
🎯 Targets:
Target 1: 0.25 USDT ⚡📈
This is the next major resistance area. Price got rejected here in May.
Target 2: 0.30 USDT 🚀🔭
A psychological and technical barrier. It was tested during the previous upward leg.
Target 3: 0.42 USDT 🏹🚨
If momentum continues, this is a higher-timeframe resistance zone from the December 2024 peak.
🛡️ Support Levels:
0.20 USDT 🧱⚙️
Local support. Currently holding above this after the breakout.
0.17 USDT 🧱🔒
The 50 MA zone. Critical for trend continuation.
🔍 Technical Overview:
Current Price: 0.2232
Trend: Strong recent breakout with increasing volume.
Moving Averages:
20 MA: 0.1895
50 MA: 0.1720
200 MA: 0.1656
⚙️ Commentary:
IOTA has broken above short-term resistances, with momentum favoring bulls.
Watch out for the 0.25 USDT level; a break could trigger rapid upside.
If price falls below 0.17 USDT, the bullish setup weakens significantly.
⚠️ Warning:
Markets like this can be highly volatile. Use stop-loss orders, manage position sizes, and avoid over-leveraging.
Not financial advice. Trade carefully.
