IOTA/USDT Keep on Eye, Ready for continue upward movement ???
💎 IOTA has been making notable strides in the cryptocurrency market. Recently, it experienced a rebound from a key demand zone, which previously served as a supply area.
💎 If this rebound is sustained, IOTA could potentially continue its upward trajectory, aiming to test and potentially break through a critical resistance trendline. Successfully breaching this resistance, probability could pave the way for IOTA to reach stronger resistance levels, aligning with our target area.
💎 However, should IOTA struggle to break this pattern, there's a possibility of a retreat back to the demand zone for a reevaluation of momentum.
💎 A critical juncture arises if IOTA revisits this demand zone and fails to uphold its value above it, breaking through the demand floor. Such an occurrence would signal a shift to a bearish trend, potentially leading to a downward movement toward a support zone.
💎 In an extended bearish scenario, IOTA might even reach deeper support levels, emphasizing the importance of monitoring its ability to sustain above key demand zones.
💎 If this rebound is sustained, IOTA could potentially continue its upward trajectory, aiming to test and potentially break through a critical resistance trendline. Successfully breaching this resistance, probability could pave the way for IOTA to reach stronger resistance levels, aligning with our target area.
💎 However, should IOTA struggle to break this pattern, there's a possibility of a retreat back to the demand zone for a reevaluation of momentum.
💎 A critical juncture arises if IOTA revisits this demand zone and fails to uphold its value above it, breaking through the demand floor. Such an occurrence would signal a shift to a bearish trend, potentially leading to a downward movement toward a support zone.
💎 In an extended bearish scenario, IOTA might even reach deeper support levels, emphasizing the importance of monitoring its ability to sustain above key demand zones.
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