IOTA Weekly Technicals: Downtrend Holds; Watch $0.0636–$0.0665 for Breakout
IOTA remains in a primary downtrend, trading around $0.07 with a 3.79% weekly loss and low 24h volume (~$11.56M). Key technicals: price below EMA20, RSI ~40 (neutral‑bearish), and a MACD histogram showing positive divergence that hints at bottom‑seeking but lacks conviction. Critical multi‑timeframe levels: major support at $0.0636 (primary confluence) and $0.0614; resistances at $0.0665 (first test), $0.0718 and $0.0996. Strategy: bullish case requires a clean close above $0.0665 with BTC breaking $65,578 to target $0.0718→$0.0909 (recommended long entry on $0.0665 breakout, SL below $0.0636). Bearish case is a breakdown below $0.0636 toward $0.0614→$0.0421 (short on breakdown, stop above $0.0665). Risk management: small position sizes (1–5%), monitor BTC supports $64,323 / $62,183—BTC weakness likely accelerates altcoin selling. Traders should wait for volume confirmation at confluence levels and use BTC levels as a filter for IOTA trades.
Bearish
The analysis shows IOTA inside a coherent downtrend across multiple timeframes: price below EMA20, lower highs/lower lows, and low volume—classic distribution. While MACD histogram divergence suggests possible bottom‑seeking, the signal lacks confirming volume and higher timeframe trend remains bearish until $0.0996 is reclaimed. The decisive near‑term pivot is $0.0636: a breakdown would target lower support ($0.0614→$0.0421) and likely coincide with further Bitcoin weakness. Historical patterns for altcoins show that low volume consolidation under key EMAs typically resolves downward when BTC remains weak. Therefore the expected market impact is bearish for IOTA in both the short term (increased downside probability on breakdown) and medium term (trend remains intact unless key resistances are taken with volume). Traders should prioritize short setups on breakdowns and only consider longs after confirmed breakout with volume and supportive BTC strength.