VIP MARKET UPDATE: $IOTA 🚀

Chart Analysis:

IOTA has successfully broken out of the symmetrical triangle pattern with significant trading volume, indicating a potential trend shift. However, it’s currently facing resistance at the horizontal trendline.

🟢 Bullish Scenario:

• If IOTA can break above the horizontal resistance and retest the level successfully, it would signal strong bullish momentum.

• A confirmed breakout could lead to further upward movement, attracting more buyers and pushing the price higher.

🔴 Bearish Scenario:

• A rejection at the resistance level could result in a pullback, potentially retesting the breakout zone of the triangle.

• If the support holds, the upward momentum may resume, but a breakdown could signal weakness.

📊 Key Levels to Watch:

• Resistance: Horizontal trendline (to break for a bullish signal)

• Support: Breakout zone of the triangle (critical for maintaining bullish outlook)

Stay tuned for potential breakout or pullback, and manage your trades accordingly. 🚀

#IOTA #CryptoAnalysis #MarketUpdate #TradingSignal