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IOTA Price Prediction: Is This the Start of a Major Reversal?

Author: Content Editor
IOTA Price Prediction: Is This the Start of a Major Reversal?
The IOTA cryptocurrency has experienced a volatile price performance in recent months, with a steep correction after reaching a high near $0.60 in December 2024. However, the latest price action indicates a potential rebound, with the price surging above $0.24. The critical support levels around $0.12-$0.13 have held, suggesting that buyers are stepping in. A new potential support zone is forming around $0.20-$0.22. The Relative Strength Index (RSI) has shifted from oversold to reflect increased buying pressure. The Heikin Ashi candlesticks indicate a clear bullish trend. If the current momentum continues, IOTA could face resistance at $0.30-$0.35 and potentially rise towards $0.40-$0.45. However, if IOTA struggles to sustain above $0.24-$0.25, it may face a pullback. A sustained breakout above $0.35 would be the first confirmation of a larger rally, but overall market conditions will play a crucial role. Traders should focus on key resistance levels and long-term investors may consider accumulating near $0.20-$0.22.

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