IOTA Is Taking a Breather after Extreme Rally
IOTA (IOT) is down by 8.1% this week, trading at $0.2109, in line with broader market trends as Bitcoin (BTC) declines by 5.5% to $91,550. This pullback follows a remarkable 90.0% rally in November, leaving the token overbought. The retreat from its recent peak of $0.2548 is seen as a healthy correction.
Currently, support is expected at $0.2000. If this level holds, it could set the stage for a renewed upward movement. However, a break below $0.2000 could push prices further down to $0.1500, where a more stable trend may emerge.
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