$IOTX

/USDT Technical Analysis & Trade Signal

Current Price: $0.04863

Price Change (24h): +7.19%

Key Technical Levels:

Support: $0.04506 (previous low)

Resistance: $0.04896 (24h high)

Indicators:

RSI (14): 62.5 (Neutral, slightly favoring the bulls)

MACD: Bullish crossover, indicating positive momentum.

Volume: High (188.09 million IOTX), signaling active market participation.

Trade Signal:

Bullish Momentum: The price is trending upwards, supported by higher volume and positive RSI.

Entry Point: Buy at $0.04860 or on a pullback to $0.04750.

Target Levels:

1. First Target: $0.05000 (Short-term resistance zone)

2. Second Target: $0.05150 (Mid-term upside potential)

3. Third Target: $0.05400 (Long-term target)

Stop Loss: $0.04500 (below support) for risk management.

Momentum: Bullish; likely continuation as long as the price stays above $0.047. Traders should consider taking partial profits near resistance levels.

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