$IOTX
๐ IOTX/USDT Analysis on the 4-Hour Chart
Currently, the coin is moving within a clear downtrend after a strong drop from levels of 0.00550 down to the current support near 0.00431 ๐ป
Technically, the price is still trading below the moving averages, which signals that the selling momentum is still present. However, we notice an attempt to stabilize near the current support, which could open the door for a temporary bounce if the coin maintains the current area.
If the price manages to hold above 0.00431 โ 0.00435, we might see a rebound ranging between 5% to 12% towards 0.00450 and then 0.00475 ๐
On the other hand, if the support at 0.00431 is broken and closed below, the likelihood of continuing the downtrend increases, with a potential drop of 6% โ 10% towards lower levels ๐ป
Current Summary
The trend is still cautiously bearish, but there is a sensitive area that could determine the next move, so itโs advisable to wait for a confirmation of a breakout or a support break before entering.
๐ฅ The market doesnโt give opportunities to everyone, only to those who are prepared. Stay tuned to my analyses so you donโt miss out on upcoming opportunities ๐
โฆ โโโ*๏ดฟ Mohamed Noh Maniyeh ๏ดพ*โโโ โฆ
#SpaceXEyes2TIPO #TrumpIranThreatBTCTo76K #GoldmanSachsExitsXRPSolanaETFs #DigitalAssetOutflow$1.07B #UKTokenizedSecuritiesConsultation $ETH $XRP
๐ IOTX/USDT Analysis on the 4-Hour Chart
Currently, the coin is moving within a clear downtrend after a strong drop from levels of 0.00550 down to the current support near 0.00431 ๐ป
Technically, the price is still trading below the moving averages, which signals that the selling momentum is still present. However, we notice an attempt to stabilize near the current support, which could open the door for a temporary bounce if the coin maintains the current area.
If the price manages to hold above 0.00431 โ 0.00435, we might see a rebound ranging between 5% to 12% towards 0.00450 and then 0.00475 ๐
On the other hand, if the support at 0.00431 is broken and closed below, the likelihood of continuing the downtrend increases, with a potential drop of 6% โ 10% towards lower levels ๐ป
Current Summary
The trend is still cautiously bearish, but there is a sensitive area that could determine the next move, so itโs advisable to wait for a confirmation of a breakout or a support break before entering.
๐ฅ The market doesnโt give opportunities to everyone, only to those who are prepared. Stay tuned to my analyses so you donโt miss out on upcoming opportunities ๐
โฆ โโโ*๏ดฟ Mohamed Noh Maniyeh ๏ดพ*โโโ โฆ
#SpaceXEyes2TIPO #TrumpIranThreatBTCTo76K #GoldmanSachsExitsXRPSolanaETFs #DigitalAssetOutflow$1.07B #UKTokenizedSecuritiesConsultation $ETH $XRP