$IOTA /USDT Technical Analysis

Current Price: $0.3113 (+6.76%)

Support Level: $0.2795

Resistance Levels: $0.3136 (current high), $0.3300 (psychological barrier)

Indicators:

1. RSI (Relative Strength Index):

RSI is at 68, approaching the overbought zone, signaling strong bullish momentum but with caution for potential pullback.

2. MACD (Moving Average Convergence Divergence):

Bullish crossover observed, indicating upward momentum.

3. Moving Averages (MA):

Price is trading above the 50-day and 200-day MAs, confirming a bullish trend.

Trade Signal:

Entry: $0.3100 - $0.3150 (buy on a slight dip or breakout above $0.3136)

Targets 🎯:

1. Target 1: $0.3200

2. Target 2: $0.3300

3. Target 3: $0.3450

Stop-Loss: $0.2780 (below the support level to limit downside risk).

Trade Momentum:

Short-Term: Bullish momentum with potential pullbacks near $0.3136.

Mid-Term: If $0.3300 is breached, expect strong upward movement toward $0.3450.

Long-Term: Sustained growth depends on breaking psychological levels and broader market conditions.

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