$IOTA abhi 0.0982 USDT (Rs27.51) is trading which has a dip of -2.77% in 24h. This token in the Layer 1/2 category is in short-term consolidation but the bearish trend continues on higher timeframes, showing a loss of -19% to -55% in 30 days and 90 days.
The price is currently very close to the critical support zone of 0.0976-0.0970; if this breaks, it can go down to 0.0960. Immediate resistance is in the area of 0.0988-0.0992, where selling pressure may come. If any bullish momentum comes, the target could be 0.1006-0.1012 (24h High).
The order book has a bit of balance, but the ask volume is higher at mid-levels, which can create resistance in the short term. The volume is average, so it would be better to wait for a breakout.
