🚀$IOTA

IOTA/USDT Technical Analysis - January 2025 📈

As we look at the current price action for IOTA/USDT, it appears to be showing some promising signs of upward momentum after its recent price surge. The pair has gained +7.89% in the last 24 hours, with a current price of 0.3132 USDT. Let’s break down the key levels and potential targets for the upcoming trading sessions.

📊 Key Data:

24h High: 0.3178 USDT

24h Low: 0.2795 USDT

Volume (24h): 45.87M IOTA / 13.69M USDT

Current Price: 0.3132 USDT

🔍 Technical Indicators:

Support Levels:

First support: 0.3062 USDT (recent low)

Second support: 0.2929 USDT

Resistance Levels:

First resistance: 0.3178 USDT (recent high)

Next potential resistance: 0.3197 USDT

🎯 Targets to Watch:

1. Target 1 - 0.3200 USDT: This is a near-term resistance level. A break above this point could signal further bullish momentum, targeting a potential test of the 0.3250 to 0.3300 range.

2. Target 2 - 0.3400 USDT: A strong breakout above 0.3200 USDT could lead to the 0.3400 region, marking a significant resistance zone that could become the next target if buyers continue to drive the price higher.

3. Target 3 - 0.3500 USDT: In the longer term, if IOTA sustains its bullish trend, 0.3500 USDT could be the ultimate target. This zone has historically shown price rejection, so traders should monitor this level closely.

Take-profit: Use the resistance levels outlined to set realistic take-profit targets.

🔑 Conclusion:

IOTA/USDT is currently in an uptrend and could continue to push higher if it maintains momentum. Watch for a break above the 0.3178 USDT resistance level to confirm bullish continuation. However, be prepared for possible pullbacks and keep risk management in place.