MyCryptoParadise_Nathan

IOTA/USDT Need to break the pattern or Back to strong support ??

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BINANCE:IOTAUSDT   IOTA / TetherUS
๐Ÿ’Ž IOTA has certainly captured our interest, standing at a pivotal point. Currently navigating within a descending channel, IOTA is striving to breach the pattern's resistance, facing setbacks. Overcoming this boundary is essential for confirming IOTA's bullish momentum.

๐Ÿ’Ž A few weeks ago, IOTA encountered a robust support zone following a descent triggered by breaking a bearish flag pattern.

๐Ÿ’Ž This formidable area has repeatedly proven its strength, preventing further declines in IOTA's value on numerous occasions, observable on weekly or daily charts. Each interaction with this solid support has historically propelled IOTA into substantial rebounds, exemplified by the recent surge that led it to the pattern's resistance.

๐Ÿ’Ž However, should IOTA remain unable to shatter the channel's confines in the coming days, it might retreat, seeking solace in the familiar territory of its strong support zone, thereby testing its resilience once more.
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