$IOTX is currently in a bullish market structure, supported by a price of 0.02264 USDT.
With a support level at 0.02167 USDT and resistance at 0.02275 USDT, traders may look for a breakout opportunity.
The RSI of 64.94 indicates strong momentum, but caution is advised as it approaches overbought territory.
Risk factors include Bitcoin's volatility and potential macroeconomic events that could impact the broader market sentiment.
