$IOTX has seen a slight decline of 0.459% over the past 24 hours, reflecting a weaker overall market sentiment.
The price fluctuated between 0.02264 and 0.02152, with current support at 0.02152 and resistance at 0.02264.
Bollinger Bands indicate increased volatility, as the price trades near the lower band.
The prevailing downtrend suggests bearish sentiment, likely influenced by macroeconomic factors such as inflation and regulatory concerns.
Bitcoin's current influence remains undefined, yet its historical correlation may impact IOTX's price movements.
Short-term traders should be cautious due to this volatility, while long-term strategies could leverage potential price rebounds at support levels.
Key takeaway: Monitor macroeconomic indicators closely, as they could significantly affect IOTX's price trajectory in the coming days.
