The IOTA/USDT weekly chart displays a textbook falling wedge pattern breakout, accompanied by a surge in RSI to overbought levels, signaling strong bullish momentum. Key resistance levels of $0.75 and $1.59 are in focus. IOTA is poised for a substantial upward rally as it breaks free from long-term downtrend resistance. A highly bullish setup!
The chart showcases a strong "Cup and Handle" pattern breakout in the total crypto market cap excluding the top 10 coins. This indicates bullish momentum, with significant resistance now acting as support. The RSI is in overbought territory, confirming high buying pressure. This setup aligns with a bullish outlook for altcoins like IOTA, projecting continued upward momentum.
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Entry: 0.5009 or Market Price
1st Tp: 1.3892
2nd Tp: 1.9955
3rd Tp : 2.3829
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$iota
