IOTA is moving within a clear descending channel on the daily timeframe.

After rejecting from the channel ceiling, price is now heading toward the key support zone at $0.153–$0.135.

If this support breaks, price could drop further toward the channel bottom around $0.08.

However, if buyers defend the support zone, a rebound toward $0.22–$0.24 is likely.

This level is critical in determining the next major directional move for IOTA.#IOTA