📈$IOTA (1D)
Analysis:
IOTA is showing signs of a potential reversal as it breaks a descending trendline. There's strong support at the 0.786 Fibonacci level, which suggests a sturdier foundation for upward momentum. This breakout could hint at a bullish trend developing soon.
Price Targets:
Keep an eye on key levels: $0.6258, $0.7232, and $0.8101. These targets are projected based on Fibonacci retracements, presenting promising opportunities if this upward trend gains traction. Riding this wave might be lucrative!