💎 IOTX has been making notable strides in the market lately. It has successfully reclaimed its position above a key resistance level, which could be a positive indicator.
💎 Following its retesting phase, IOTX is poised for a probability upward trajectory as it aims to challenge the Bearish OB zone once more.
However, should IOTX close below the resistance area daily, it could signify a false breakout. In such a scenario, there's a likelihood that IOTX might resume a downward movement, heading toward the demand zone.
The demand area is critical for IOTX's recovery and upward continuation. A strong bounce in this zone is essential to prevent further decline. Failure to maintain momentum in this area could result in IOTX descending towards the support level, and possibly even lower, underscoring the significance of this juncture for its market trajectory.