#BTCPrediction

IOTA (IOTAUSDT) tests the ceiling of a descending corrective price channel - Analysis - 07-05-2025 $IOTA

The price of IOTA (IOTAUSDT) has seen a sharp rise during its recent intraday trading, driven by the influx of positive signals in the relative strength indicators. However, we notice that it has reached areas of extreme overbought conditions, which indicates a slowdown in this positive momentum, bringing the price in its recent rise to collide with the resistance of the simple moving average for the 50-period. This coincided with its test of the ceiling of a descending corrective price channel that limits price movements in the short term.

Based on this, our expectations indicate a return of the currency's price to decline during its upcoming trades, as long as the resistance level of $0.22 holds, targeting the pivotal support level of $0.19.

Expected trend for the upcoming trades: bearish