IOTX/USDT Weekly – Massive Bullish Setup Forming at Historical

🔍 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.

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