IOTX/USDT on the Edge Will the Triangle Break ?

IOTX/USDT Technical Analysis Symmetrical Triangle Breakdown in Sight

Key Insights
Symmetrical Triangle Pattern: Price has been consolidating within a symmetrical triangle, creating lower highs and higher lows, signaling a potential breakout.
Critical Support Zone: The price is currently testing the lower trendline at $0.0378.
Bearish Scenario: A breakdown below this trendline support will trigger a short opportunity, aligning with the bearish market sentiment.

Target Levels
Primary target: $0.0300
Final target: $0.0250


Monitor closely for a breakdown confirmation. A close below support with increased volume could validate a downward move. Managing stop-losses above $0.0450 upper triangle boundary is recommended to mitigate risk.