IOTA (IOTAUSDT) price declined in its latest intraday trading, as the price attempts to gather positive momentum that may support a new rise. It is also influenced by a short-term bullish technical formation, the falling wedge pattern, supported by continued trading above its 50-day SMA. In addition, positive signals are flowing from the Stochastic indicators after the price successfully unwound its overbought levels, giving it more room to achieve further gains.

Therefore, we expect the currency to rise in its upcoming intraday trading, as long as it remains stable above 0.1880, to then target the resistance level of 0.2047.

Todays price forecast: Bullish.