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đ IOTA/USDT Technical Analysis đ
The IOTA/USDT pair has witnessed a significant bullish breakout, with the price currently trading at $0.3458 (+30.49% in 24 hours). Hereâs a breakdown of the key highlights:
1ïžâŁ Support Zone:
The $0.1372 - $0.2253 region served as a strong accumulation zone, where buyers stepped in after a prolonged downtrend.
2ïžâŁ Breakout Confirmation:
The recent rally has pushed the price above the critical resistance zone near $0.2253, marking a clear shift in momentum. This breakout suggests the potential for further upward movement.
3ïžâŁ Next Target:
The next major resistance lies at $0.4212. A successful close above this level could open the door for a continuation toward higher highs.
4ïžâŁ Volume Surge:
The volume spike aligns with the price breakout, indicating strong buying interest and momentum in the market.
đ Key Levels to Watch:
Resistance: $0.4212
Support: $0.2253
Low: $0.1372
đ Market Sentiment:
With a 30% daily gain and bullish confirmation signals, IOTA is showing strength. However, traders should remain cautious of potential pullbacks and watch for consolidation around key levels.
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đĄ Trade Wisely: Always use proper risk management, especially in volatile markets. Keep an eye on price action and consider your targets carefully.
What are your thoughts on this breakout? Share below! đ„
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