📉 $IOTA /USDT Technical Analysis

🕒 Timeframe: 1D (Daily)

IOTA is currently trading within a well-defined descending channel, respecting both the upper and lower trendlines. The $0.1400–$0.1500 zone, marked in green, has acted as a strong demand area multiple times in the past.

🔍 Current Observations:

Price is once again bouncing from this support, suggesting active buying interest.

As long as IOTA holds above the green zone, we can expect a potential relief rally.

Targets:

🎯 First target: Midline of the channel

🎯 Second target: Upper trendline resistance

📊 Bias: Short-term bullish while holding above key support.

🔐 Invalidation: A daily close below $0.1400 would weaken the bullish outlook.

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