$IOTA has seen a price decline of 3.16% in the last 24 hours.
The 24-hour trading range indicates a support level at 0.1393 and resistance at 0.152.
Currently, IOTA is within the Bollinger Bands, with upper and lower thresholds at 0.153 and 0.1402, respectively.
The overall market trend is bearish, suggesting a weak momentum.
Macroeconomic factors, particularly inflation concerns and regulatory developments, could pressure prices further.
Bitcoin's influence appears to be undefined, potentially indicating independent price action for IOTA.
Traders may want to adopt a short-term approach given current volatility constraints.
Key takeaway: Monitor macroeconomic indicators, as they may drive unexpected volatility in IOTA's price.
