🔍 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
✅ 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%
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
✅ 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%
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.