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IOTA Price Analysis:
IOTA recently tested a key resistance zone between $0.2530 and $0.2750, a region that previously acted as a strong supply area.
On the first attempt, the price faced rejection, indicating the presence of active sellers and short-term profit booking.
Despite the pullback, IOTA maintains a bullish market structure on the daily chart with higher lows forming consistently.
A second test of this resistance zone appears likely, as bullish momentum gradually builds near the support.
A breakout above $0.2750, followed by a successful retest, could confirm the continuation of an upward rally.
Traders should wait for a clean breakout with volume confirmation before entering long positions to avoid false signals.
If rejected again, expect a retracement toward $0.2300–$0.2400 support.