$IOTX /USDT Technical Analysis – 1D Overview

Current Price: $0.02277

24h Change: +0.35%

24h High/Low: $0.02310 / $0.02194

24h Volume: IOTX: 145.83M | USDT: 3.27M

Category: Layer 1 / Infrastructure

🔍 Trend & Structure

Current Trend: Neutral-to-slightly bullish (mild recovery off the bottom, but still under pressure).

Support Zone: $0.02150–$0.02200 (recent low area and volume shelf).

Resistance Zone: $0.02350–$0.02400 (multiple rejections seen here in past 7–14 days).

📊 Volume & Indicators

Volume Spike: ~145M IOTX traded vs. a 40M SMA — massive surge, likely from short-term buyers or bots.

Volatility: Expanding — price has moved ~5% range in 24h.

Momentum: Neutral to slightly bullish; RSI likely in the 50–55 range (needs 60+ to confirm trend continuation).

🧠 Market Observations

IOTX held above the $0.02200 mark, showing resilience.

Price is consolidating in a tight range between $0.02250 and $0.02310.

A break above $0.02350 with volume could lead to a mini-rally toward $0.02500.

On the downside, if price loses $0.02150, bears may drag it toward $0.02000 support.

📌 Trade Setup

Direction Entry Targets Stop Loss

Long $0.0225–$0.0228 $0.0235 → $0.0245 → $0.0250 Below $0.0215

Short Below $0.0215 $0.0205 → $0.0200 Above $0.0228

✅ What to Watch Next

Breakout confirmation: Daily close above $0.0235 on >100M volume.

Macro trendline: Check if IOTX is forming a higher low structure on 4H chart.

Correlated moves: Monitor Layer 1 tokens like FET, INJ, or CELR for market sentiment alignment.

Would you like a 4H or 1H breakout setup, or overlay IOTX/USDT with technical indicators like MACD / Bollinger Bands for clearer trade signals?

#BombieBinanceTGE #BinanceAlphaAlert #BombieBinanceTGE #SaylorBTCPurchase #SparkBinanceHODLerAirdrop $IOTX