🔍 Technical Analysis Breakdown:
The IOTX/USDT pair is currently consolidating inside a strong historical accumulation zone between $0.0125 and $0.0172, which has served as a critical support area multiple times since 2021. This zone is marked by long-term investor interest, making it a potential launchpad for a major trend reversal.
What makes this zone particularly significant is that it aligns with a potential Double Bottom formation on the weekly timeframe — a classic bullish reversal pattern indicating that sellers are exhausted, and buyers are regaining control.
The projected price path on the chart shows a possible multi-leg breakout scenario, with higher highs forming in a wave structure that hints at a medium-to-long-term bullish trend.
✅ Bullish Scenario – Path of Least Resistance:
If the price successfully holds above the key demand zone and breaks above the first resistance level at $0.03221, the next upside targets to watch are:
1. 🟡 $0.04217 – Weekly resistance from a prior consolidation phase.
2. 🟡 $0.05976 – A psychological resistance and former breakdown zone.
3. 🟡 $0.08271 – $0.10163 – Strong supply zones from the 2022 bearish structure.
4. 🟢 $0.23539 (Final Target) – All-time high region, could be tested in a full bull cycle.
This bullish structure suggests a potential +800% upside from current levels if macro and market sentiment align in favor.
❌ Bearish Scenario – Caution if Support Breaks:
If IOTX loses the key support zone (closes weekly below $0.0125), then:
The market could re-enter a bearish accumulation, risking a move toward new all-time lows.
Momentum would shift back in favor of sellers, invalidating the double bottom structure.
Traders should then wait for signs of re-accumulation or divergence before re-entering.
📉 Volume & Momentum Insight:
Volume remains low but stable, signaling that smart money may be accumulating quietly.
If breakout occurs with a volume spike, this will act as strong confirmation for bullish continuation.
🧠 Conclusion:
IOTX is showing early signs of a major bullish reversal from a well-respected accumulation base. With multiple targets layered above and a clean invalidation zone below, this setup offers high reward-to-risk potential. Watch for a confirmed breakout above $0.032 to validate the beginning of a strong uptrend.
#IOTX #IOTXUSDT #CryptoBreakout #AltcoinAnalysis #TechnicalAnalysis #CryptoSetup #BullishCrypto #IoTeX #CryptoTrading #AccumulationZone
The IOTX/USDT pair is currently consolidating inside a strong historical accumulation zone between $0.0125 and $0.0172, which has served as a critical support area multiple times since 2021. This zone is marked by long-term investor interest, making it a potential launchpad for a major trend reversal.
What makes this zone particularly significant is that it aligns with a potential Double Bottom formation on the weekly timeframe — a classic bullish reversal pattern indicating that sellers are exhausted, and buyers are regaining control.
The projected price path on the chart shows a possible multi-leg breakout scenario, with higher highs forming in a wave structure that hints at a medium-to-long-term bullish trend.
✅ Bullish Scenario – Path of Least Resistance:
If the price successfully holds above the key demand zone and breaks above the first resistance level at $0.03221, the next upside targets to watch are:
1. 🟡 $0.04217 – Weekly resistance from a prior consolidation phase.
2. 🟡 $0.05976 – A psychological resistance and former breakdown zone.
3. 🟡 $0.08271 – $0.10163 – Strong supply zones from the 2022 bearish structure.
4. 🟢 $0.23539 (Final Target) – All-time high region, could be tested in a full bull cycle.
This bullish structure suggests a potential +800% upside from current levels if macro and market sentiment align in favor.
❌ Bearish Scenario – Caution if Support Breaks:
If IOTX loses the key support zone (closes weekly below $0.0125), then:
The market could re-enter a bearish accumulation, risking a move toward new all-time lows.
Momentum would shift back in favor of sellers, invalidating the double bottom structure.
Traders should then wait for signs of re-accumulation or divergence before re-entering.
📉 Volume & Momentum Insight:
Volume remains low but stable, signaling that smart money may be accumulating quietly.
If breakout occurs with a volume spike, this will act as strong confirmation for bullish continuation.
🧠 Conclusion:
IOTX is showing early signs of a major bullish reversal from a well-respected accumulation base. With multiple targets layered above and a clean invalidation zone below, this setup offers high reward-to-risk potential. Watch for a confirmed breakout above $0.032 to validate the beginning of a strong uptrend.
#IOTX #IOTXUSDT #CryptoBreakout #AltcoinAnalysis #TechnicalAnalysis #CryptoSetup #BullishCrypto #IoTeX #CryptoTrading #AccumulationZone
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✅ Get Free Signals! Join Our Telegram Channel Here: t.me/TheCryptoNuclear
✅ Twitter: twitter.com/crypto_nuclear
✅ Join Bybit : partner.bybit.com/b/nuclearvip
✅ Benefits : Lifetime Trading Fee Discount -50%
✅ Twitter: twitter.com/crypto_nuclear
✅ Join Bybit : partner.bybit.com/b/nuclearvip
✅ Benefits : Lifetime Trading Fee Discount -50%
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.