🚨 IOTX/USDT ALERT: Is It Time to Buy or Hold? 🚨

📊 Current Price: $0.03964

📈 24h Price Change: +19%

IOTX is showing short-term consolidation after a solid rally. With MACD hovering around neutral, and RSI nearing overbought at 68, momentum may slow, but there’s potential for a breakout if buying pressure continues. The accumulation indicator shows steady interest, meaning investors are gradually building positions.

💡 Key Levels to Watch:

• Support: $0.0390-$0.0395

• Resistance: $0.0405

A breach above $0.0405 could lead to further gains, but if RSI hits overbought, we might see a temporary pullback.

🌐 Fundamentals:

IoTeX’s ecosystem is gaining serious traction, focusing on connecting IoT devices via blockchain, with partnerships like Amazon Web Services driving adoption. Key innovations like burn-to-certify for IoT devices ensure long-term utility for IOTX. As they push further into AI and IoT solutions, IoTeX could be a sleeper hit in 2024!

📅 2024 Projections:

• Price range: $0.039 - $0.08

• Average price target: $0.057

⚠️ Trader Tip: Keep an eye on the resistance level and RSI. This might be a good entry point for long-term holders, but short-term traders should watch for a potential pullback before jumping in.

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