IOTA (IOTAUSDT) settled lower in its latest intraday trading, under continued negative pressure from staying below its 50-period simple moving average. However, the price is leaning on a short-term ascending trendline, making a last attempt to build positive momentum that could aid in recovery. This comes alongside the emergence of a positive crossover in RSI indicators, after reaching heavily oversold zones that appear exaggerated compared to the price action.

Therefore, we expect the price to rise in the upcoming intraday sessions, as long as it holds above the 0.1924 support level, targeting the key resistance at 0.2235.

Todays price forecast: Bullish