📈ANALYSIS: IOTA📉
The market continues to suffer the consequences of the tariffs imposed by #DonaldTrump but there are projects that are withstanding the decline.
#IOTA is one of them and they have very top news that if coinciding with a market recovery ... we wouldn't be surprised by a top rise 🚀
We analyze the current situation of the chart of $IOTA
🔮 Bullish scenario (if the general market recovers):
If the crypto market in general begins to recover, IOTA could follow this path:
🟢Break $0.155 – $0.16 with volume (resistance zone).
🟢Target $0.17 – $0.175 as the next objective (last peak).
🟢In the medium term, if it breaks that zone, the next psychological target would be $0.18 – $0.20.
⚠️ Risks or signs of weakness:
If it loses the support of $0.135, it may fall towards $0.12, which would invalidate the bounce.
The volume must accompany the rise; without volume, it may just be a technical bounce.
✅ Conclusion
The chart shows a possible start of a bullish reversal, especially if the general market improves. It will be key to see if it breaks $0.155 with volume. If it succeeds, the bullish structure could consolidate with good upward potential.
We repeat again, not everything is #bitcoin or #Criptomonedas from the top 5 of CMC, there are established projects that are a good option and we see this case as one of them.