💥$IOTA /USDT Holding Strong Near Resistance!🔥
⚡Current Position:
#IOTA is trading at 0.2103 USDT, down 2.28% in the past 24 hours. Price has ranged between 0.2155 (High) and 0.2042 (Low), reflecting mild bearish pressure near a key resistance zone.
⚡EMA Analysis:
🔸EMA 7: 0.2089
🔸EMA 25: 0.2107
🔸EMA 99: 0.2115
⚡IOTA is hovering just below EMA 25 & EMA 99, indicating a critical inflection point. A clean break above EMA 99 could open the door to renewed bullish momentum. Rejection here, however, may lead to short-term consolidation.
⚡RSI Insights:
RSI (6): 61.39
RSI above 60 reflects moderate bullish strength. A push past 70 could trigger a breakout, while a slip below 50 may hint at fading momentum.
🔥 Volume Check:
24H Volume: 24.34M IOTA / 5.10M USDT
Current Volume: 485,751
Volume is steady but lacks a breakout spike. Watch for increased volume to confirm any move above resistance.
⚡Possible Next Move:
A break above EMA 99 (0.2115) could target 0.2155+ in the short term.
If pressure increases, 0.2042 becomes a critical support to hold.
📢 Opportunity Watch:
This could be a good entry IF IOTA breaks and sustains above EMA 99 with rising volume. Keep a close eye on RSI strength & volume confirmation for the next move!
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