$IOTA is currently trading at 0.1612 USDT, operating in a bearish market structure.
With a support level at 0.1577 USDT and resistance at 0.166 USDT, a range-bound trading strategy is suitable.
The RSI at 39.91 indicates potential downward pressure, signaling the need for caution.
Traders should monitor Bitcoin's volatility and any macroeconomic events, as these can heavily influence IOTA's price movements.
