IOTA/USDT Tests MA60 Support Amid Extended Downtrend
ENTRY (SHORT): 0.0722 – 0.0728
TP1: 0.0705 | TP2: 0.0690 | TP3: 0.0675
SL: 0.0740
ENTRY (LONG - REVERSAL): 0.0710 – 0.0718
TP1: 0.0735 | TP2: 0.0750 | TP3: 0.0765
SL: 0.0695
📉 Below MA60: 0.0728 | 🔻 Extended Downtrend
📊 Low Volume | Trend: Bearish / Weak
[Analysis]
IOTA is trading just below the MA60 support level, reflecting ongoing weakness in the Layer 1/2 sector. Volume is significantly below average, indicating low conviction. A failure to reclaim MA60 could lead to further downside, while a bounce may target limited resistance overhead.
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IOTAUSDT
Perp
0.0735
+1.10%