šØ $IOTA on the Move: 28% Surge and Critical Levels Ahead! šØ
$IOTA is making waves, trading at $0.3404, up an impressive 28.16% in the last 24 hours! After testing a 24-hour high of $0.3724, the momentum remains strong, with bulls driving prices higher. Here's the technical breakdown and 3 key targets to watch next.
š Technical Analysis
The 4-hour chart highlights a robust breakout from the $0.2613 support level, signaling bullish strength. With increased trading volume and price consolidation near key levels, IOTA is well-positioned for further upside.
šÆ 3 Key Targets to Watch
1ļøā£ $0.3724 ā Immediate resistance. Breaking above this level could confirm a sustained rally.
2ļøā£ $0.4000 ā A mid-term target, signaling a continued uptrend as buyers dominate.
3ļøā£ $0.4500 ā A long-term psychological target, achievable with sustained bullish momentum.
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š”ļø Key Support Levels
$0.3200 ā Immediate support. Holding this level will sustain bullish momentum.
$0.2613 ā Strong foundational support for potential corrections.
ā” Trade Setup
Long Entry: Above $0.3724 with targets at $0.4000 and $0.4500.
Stop Loss: Below $0.3200 to manage downside risks effectively.
š Market Sentiment
With a 24-hour trading volume of 270.04M IOTA, the bullish sentiment is evident. Keep a close eye on $0.3724 for a breakout confirmation and watch for higher levels to be tested soon!
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