IOTUSD Price Analysis – June 25
The pair is fixed in a range bound area and a nearby upward zone on the level at $0.4715. IOTA’s momentum can later be sustained in either direction due to its range bound position.
Supply Level: $0.3213, 0.3714, 0.4040
Demand Level: $0.5557, $0.5000, $0.4715
IOTUSD Long term Trend: Bullish
On the break of the nearby demand zone on the level at $0.4715 may bring about a fresh high for the pair, IOTA is alternating on the level at $0.4464, with almost 2% gains since the prior session.
The pair surged towards the level at $0.4800 last weekend but failed to hold its earlier gain. The technical overall trend suggests that the pair will stay range bound until a breakout occurs.
IOTUSD Short term Trend: Bearish
On the intraday level, IOTA is ranging between the level at $0.4715 and with the pair locked within this tight range early today, it forms a near term demand structure on the level at $0.4420.
The medium-term trend may stay bullish as long as the previous supply level at $0.4040 holds, the trend in the short term is bearish.
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