In the analysis I did on April 28.

We mentioned that after breaking the blue downtrend in Iota on the daily chart, 0.2380 was a resistance. Just as we expected, it was rejected from the resistance and found buyers at the first support zone of 0.19.

Closing below 0.1868 can be followed with a stop. In case of closures above 0.2380, it may test the upper resistances.