$IOTX has demonstrated a notable 7.15% price increase over the past 24 hours, buoyed by a bullish trend persisting in the overall market. Testing the upper Bollinger Band at 0.0217 suggests momentum may continue, although caution is warranted as it nears resistance at 0.02201. Technical support at 0.01807 provides a safety net in case of pullbacks. Macroeconomic stability, particularly around inflation data and regulatory news, will likely dictate continued buying interest. Given Bitcoin's undefined influence presently, IOTX traders might consider short-term plays to capitalize on potential volatility, with focus on moving averages. Overall, maintaining awareness of macroeconomic indicators could enhance strategic decision-making in IOTX trades.
