the price slips below $0.21 while the market seeks direction
The post the price slips below $0.21 while the market seeks direction appeared on BitcoinEthereumNews.com.
In the last 24 hours, the price of IOTA has experienced a sharp decline, reaching 0.2098 USD, down by 6.19%. This figure contrasts sharply with the recent enthusiasm of investors and the expectations of a bull breakout. The drop in market capitalization to 781.96 million dollars, accompanied by a collapse of daily volume by 64.5%, suggests a cooling of short-term interest, despite a still optimistic sentiment in the community (83% bull). “`html Key Points “` Current price: $0.2098, down 6.19% in a single day. Market cap: $781.96 million, decreasing. 24h Volume: $30.65 million, -64.5%. Positive sentiment: 83% of users remain bullish. Daily low: $0.208 – levels not seen since the end of March. Weekly trend: from $0.2258 to $0.2098 (-7%). The IOTA Moment: Between Missed Push and Fears of Weakness “`html The day of April 29, 2025 ends with a worrying signal for IOTA, which fails to maintain the psychological support of $0.22, losing ground below the technical threshold of $0.21. The chart structure highlights a constant descending trend, which began after a brief peak recorded on April 28 at $0.2258, when some analysts were talking about a “breakout momentum”. “` However, that bull was ephemeral. The price quickly reversed course and, in the absence of new volumes, it was rejected by the markets. “`html Technical analysis: levels under observation “` Key supports: 0.208 USD: current daily minimum, next possible reaction point. 0.200 USD: long-term historical support; a break of this level could open critical scenarios. Resistances: 0.220–0.225 USD: consolidated selling area, difficult to overcome without a recovery in volumes. The current volume represents just 3.91% of the market cap, a figure that indicates a very low participation of the operators. The IOTA Ecosystem: A Look Beyond the Price Despite the technical weakness, the IOTA project continues to stand out…
Filed under: News - @ April 30, 2025 10:26 am