IOTA (IOTAUSDT) Surrounded by Positive Pressures - Analysis - 12-25-2024

The price of IOTA (IOTAUSDT) stabilized on the rise during its recent trading at the moment levels, supported by its continuous trading above its previous 50-day simple moving average, and under the control of the main upward trend in the short term, as we notice amidst this the beginning of positive signals in the relative strength indicators, after reaching areas of severe saturation with selling operations, and in an exaggerated manner compared to the price movement.

Therefore, our expectations indicate an increase in the price of the currency during its upcoming trading, targeting the first resistance levels at $0.4495, as long as the support level of $0.2528 remains stable.

The expected direction for the upcoming trading: Upward $IOTA