<ul data-eligibleForWebStory="true"><li>IOTA price is currently trading at $0.1608, near a major support zone, after a consistent decline.</li><li>Technical indicators suggest a potential bounce as the Relative Strength Index (RSI) hints at nearing oversold territory.</li><li>Key support zones for IOTA are at $0.1600, $0.1450, and $0.1200, with a potential 9.8% to 25.38% downside.</li><li>Resistance levels are at $0.1800, $0.2000, and $0.2150, with a possible 24.4% gain if momentum shifts.</li><li>The chart displays a bearish trend with no strong bullish signals yet, indicating a downward trajectory.</li><li>Potential scenarios include a drop to $0.1450 or $0.1200 in the bearish case and a bounce towards $0.1800 or $0.2000 in the bullish case.</li><li>Traders are advised to monitor the $0.1600 level closely for further market direction.</li></ul>

Will IOTA Drop 25% or Bounce Back Strong?

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