IOTA at Decision Point Near Falling Wedge Support

IOTA is forming a clear falling wedge after a prolonged bearish move. Price action shows lower highs and lower lows, but the range is contracting as both trendlines converge, indicating a slowdown in bearish momentum rather than strong continuation.

Price is currently reacting near the lower boundary of the wedge, where selling pressure has started to weaken. This zone represents a critical decision area. If IOTA manages to hold this base and break above the falling wedge resistance, a relief move toward the nearby resistance cluster around zero point zero nine to zero point one zero four becomes possible. Acceptance above that zone would signal the first meaningful short-term structure shift.

On the downside, failure to hold the wedge base would invalidate the reversal structure. In that case, price may continue lower toward deeper demand zones, keeping the broader bearish trend intact.

This setup is driven by falling wedge compression, momentum exhaustion, and support interaction at structural lows. Confirmation through breakout and acceptance is essential before expecting upside continuation.