🚨 $IOTA Breakout Alert: 29% Surge as Bulls Take Charge! 🚨
$MIOTA is surging with an impressive 28.99% gain, currently trading at $0.3426. With a 24-hour high of $0.3724, IOTA is displaying strong bullish momentum, fueled by increasing trading volumes. Here's the breakdown of the technical analysis and 3 key targets to watch next.
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🔍 Technical Analysis
The 4-hour chart highlights a sharp upward movement, with $IOTA breaking out of a consolidation phase from a low of $0.2613. Bulls are dominating, and the price has already tested the immediate resistance at $0.3724.
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🎯 3 Key Targets to Watch
1️⃣ $0.3724 – Immediate resistance. Breaking and holding above this level could confirm the next bullish leg.
2️⃣ $0.4000 – A strong psychological resistance and a key mid-term target if momentum sustains.
3️⃣ $0.4300 – A long-term target as $IOTA gains broader market attention and buyer interest.
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🛡️ Key Support Levels
$0.3200 – Immediate support. Holding above this level is crucial to maintain the bullish trend.
$0.2613 – Strong base support for corrections if a retracement occurs.
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⚡ Trade Setup
Long Entry: Above $0.3724 with targets at $0.4000 and $0.4300.
Stop Loss: Below $0.3200 to minimize downside risk.
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📈 Market Sentiment
With a 24-hour trading volume of 269.70M IOTA, the bullish sentiment is strong, suggesting the potential for further upside. Keep a close eye on the resistance levels for a possible breakout!
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