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IOTA Price Prediction: Will IOTA Crash or Rebound From $0.18?
- IOTA price is currently at $0.1861 on the daily and $0.1846 on the hourly charts, raising concerns of a potential crash or rebound.
- On the daily chart, IOTA faces a strong support cluster between $0.184 and $0.180, with SMAs indicating bearish control. A failure to create a higher high after a May rally confirms a downtrend.
- Key levels on the daily chart include $0.182 and $0.162, with a recent bounce at $0.1849, making it a crucial level to watch for further price movements.
- The hourly chart shows a mini-consolidation phase near the $0.20 resistance, with SMAs converging at $0.1875–$0.1907. A break above $0.190 could lead to targets at $0.198 and $0.205.
- IOTA price nearing oversold territory based on RSI indicators, with a potential mean reversion bounce expected if current support holds.
- A break below $0.1849 could lead to a drop to the next support near $0.162, marking a 12.9% potential decline.
- Short-term outlook suggests a bounce to $0.197–$0.200 is possible if IOTA maintains support. However, daily structure remains bearish, requiring confirmation from volume for a sustainable trend reversal.
- Traders are advised to closely monitor the $0.1849 level as a break above could lead to a 6% bounce, while a breakdown could result in a 13% drop.
- The next 48 hours are critical in determining the future trajectory of IOTA's price for the remainder of June.
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