a professional, concise technical analysis for $IOTX
/USDT:
$IOTX /USDT Technical Analysis 📉
Current Price: $0.02763 | Trend: Bearish
Pattern: Downward channel forming with lower highs; sellers controlling price
Entry Levels (Short): $0.02765–$0.02770
Targets: $0.02724 (first) | $0.02700 (second) | $0.02680 (extended)
Stop Loss: $0.02816 (above recent resistance)
Next Move: Likely to test support at $0.02724; bearish momentum may continue if it breaks