Cryptocurrency forecast #IOTX

based on the liquidation map

Current situation:

Price at the time of analysis: about $0.07 📍

Analysis of the liquidation map:

The map shows significant liquidation zones (green and blue lines) in the range from $0.05 to $0.09 📊. Liquidation zones indicate possible resistance and support levels, where large liquidations of positions using leverage occur.

Key observations:

In April and May, the price fluctuated in the range from $0.04 to $0.07, with multiple liquidations in these zones 📉. Starting from the end of May, the price has been showing an upward trend, which may indicate increased interest in the asset 📈.

Forecasts and key levels:

Positive scenario: If the current uptrend continues, the price may break through the $0.07 level and reach $0.08 and above 🚀. In case of a breakout of $0.08, the next target will be $0.09, where significant liquidations are observed and strong resistance may arise 🌟. Negative scenario: If the price begins to decline, the nearest support is at $0.06 and $0.05 ⚠️. If these levels are broken, the price may drop to $0.04, where there were also significant liquidations 🔻.

Recommendation:

Monitor key support and resistance levels to determine entry and exit points 📈📉. Consider liquidation data when planning trading strategies to minimize risks and maximize possible opportunities 📊.