IOTA price prediction: Can $0.0365 support hold as IOTA slides 8.21%?

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IOTA drops 8.21% today to $0.038

Highlights

IOTA remains under persistent bearish pressure, trading below key moving averages across short, medium, and long timeframes.
Most momentum indicators confirm strong selling dominance, though some short-term oscillators reveal minor stabilization signals.
Expected price action is sideways between $0.0365 and $0.0395, with a high risk of further downside if support fails.

Bearish signals persist as momentum and resistance converge

On the technical front, IOTA is trading below the MA-20 ($0.0399) and MA-50 ($0.041) on the hourly chart, and remains well beneath the long-term MA-200 ($0.0685). The Ichimoku Kijun sits at $0.0408, currently acting as immediate resistance. The Moving Average Convergence Divergence (MACD) and Average Directional Index (ADX) both indicate strong bearish momentum. The Relative Strength Index (RSI) is at 37.43, suggesting ongoing downside pressure without a fully oversold reading, while the Stochastic RSI signals a strong buy and the Commodity Channel Index (CCI) remains bearish. This divergence among oscillators points to short-term uncertainty, though Bull/Bear Power shows seller dominance intraday and the Awesome Oscillator is neutral amid high volatility and a recent negative price gap.

Limited upside as volatility favors downside consolidation

In the short term, IOTA is likely to trade within the $0.0365 to $0.0395 range over the next few sessions, reflecting typical volatility at current levels. The probability of a move higher is low, with further downside pressure more likely. The baseline scenario expects sideways consolidation within this band unless a decisive breakout above $0.0408 resistance triggers a bullish reversal, or a fall below $0.0365 support leads to intensified selling.

Anton Kharitonov, expert at Traders Union, sees IOTA locked in a prolonged technical downtrend. He notes the asset is trading below all key moving averages, with clear bearish dominance and no positive news to support a reversal. Oscillator divergence highlights short-term uncertainty, but downside pressures remain persistent. "Until IOTA recovers above $0.0408, I remain cautious and expect sellers to control the price action."

Previously it was reported that IOTA was experiencing sustained bearish momentum, with downside risks dominating technical outlooks. The current analysis reinforces this view while underscoring heightened volatility and the importance of monitoring the $0.0365 support level for any further escalation in selling pressure.

Source of Data: IOTA Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.