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$ IOTA/USDT Analysis: Bullish Momentum Driving Gains

IOTA/USDT is showing strong bullish momentum, currently trading at $0.3191 with a notable increase of 12.28% in the last 24 hours. The price has risen from a low of $0.2795 to a high of $0.3200, breaking through major resistance levels. The rally is supported by strong volume, indicating growing investor confidence in IOTA’s uptrend.

Key Levels to Watch:

Resistance:

$0.3250 – A major resistance area. A break above this level could lead to further gains.

Support:

$0.3100 – Immediate support to maintain momentum.

$0.2950 – Strong minor support in case of pullback.

Trade Setup:

Entry: Around $0.3180

Targets:

Target 1: $0.3350

Target 2: $0.3500

Stop Loss: $0.3050

Market Insights:

IOTA/USDT is benefiting from continued buyer interest as it consolidates above $0.3100. If the price breaks $0.3250, it could test the next targets at $0.3350 and $0.3500. However, failure to hold above $0.3100 could lead to consolidation or a bounce towards $0.2950.

Recommendation: Watch the 0.$3250 in search of a potential breakout