$IOTX/USDT Building Bullish Structure

$IOTX/USDT is showing promising bullish momentum as it currently trades at $0.02197, up nearly 4% in the past 24 hours. After a sharp dip to $0.02009, the price has rebounded strongly, forming a rounded base pattern. It’s now approaching a key resistance zone around $0.02200, signaling a potential breakout.

📌 Market Snapshot
Current Price: $0.02197

24h High: $0.02240

24h Low: $0.02009

24h Volume: 224M+ IOTX (Strong interest and participation)

✅ Bullish Trade Setup

Entry Zone: $0.02200 – $0.02220

Take Profit Targets:

TP1: $0.02300

TP2: $0.02380

TP3: $0.02500

Stop Loss: $0.02110

A clean breakout above $0.02240—which is the current short-term high—could ignite momentum toward new local highs, especially if backed by strong volume. The pattern of higher lows and a clear accumulation phase suggest a low-risk, high-reward setup for bullish traders.

🔍 Technical Analysis Summary

Rounded Base Formation: Suggests accumulation and decreasing sell pressure.

Volume Profile: Increasing on upswings, confirming bullish intent.

Resistance Levels: $0.02240 (short-term), $0.02380 (swing high), $0.02500 (psychological level).

Support Zone: $0.02110 (must hold to keep structure valid).

📰 Macro View

Market sentiment is cautious amid ongoing global tensions like the Israel-Iran conflict and uncertainty from Trump tariffs. However, Binance traders appear to be showing resilience, and assets like IOTX are seeing renewed interest due to potential use cases in IoT infrastructure and Web3 integration.

💡Conclusion: Keep a close eye on the $0.02240 level. A confirmed breakout with strong candle closure and volume above this zone could be the launchpad for a bullish continuation.

#MarketPullback #IsraelIranConflict #TrumpTariffs #BinanceHODLerRESOLV #Write2Ear