The current price for $IOTA is drifting near the lower Bollinger Band at 0.649.
This suggests potential overselling and may indicate a reversal opportunity.
Support is at 0.65, while resistance sits at 0.731, forming a clear range.
Since volatility is currently contracting, traders should be cautious as it may signal a breakout.
Implement a stop-loss just below 0.649 to manage risk.
Consider setting alerts for price action near the lower band to catch potential reversals.
For now, it’s best to wait for clearer signals before entering a position.
