$IOTX The shown chart constellation of IOTX/USDT could actually indicate a possible bottom formation. Here are some important observations:

Positive Indicators:

• Price Level: The price seems to have stabilized currently and is forming a horizontal support.

• RSI (Relative Strength Index): Is in the lower range (around 33 to 47 depending on the timeframe). This suggests that the token may currently be oversold, potentially indicating an upcoming recovery.

• Stochastic RSI: Also shows a low level, making a recovery seem likely.

Negative Indicators:

• EMAs (Exponential Moving Averages): The short-term EMAs (7 and 25 days) are currently still showing a downward trend. A sustainable uptrend would only be confirmed if the price clearly breaks above the EMAs.

Forecast for the next 3 months:

• If the support around the current level (approximately 0.01981 USD) holds, the price could initially move sideways and then start a moderate recovery.

• In a positive scenario, a first target zone could be in the area of the EMA(25) at about 0.034 to 0.035 USD.

• If the market becomes strongly bullish again, higher price regions in the range of 0.045 to 0.060 USD would be realistic.

• However, if the support does not hold, a further decline towards the last significant low (around 0.0177 USD) could follow.

Recommendation:

Currently, much indicates a bottom formation. Therefore, it could be a good opportunity to slowly build positions. However, one should remain cautious and closely monitor the market, especially the reaction at the mentioned support.