IOTA (IOT) is up 1.5% to $0.1774 this week, slightly outperforming Bitcoin (BTC), which has risen 0.8% to $82,500. Despite these gains, investor sentiment remains cautious, with speculation that BTC could drop to $73,000, where a significant number of margin traders’ stop-loss orders are concentrated. A decline of this magnitude—another 10% from current levels—could trigger further selling pressure, forcing retail investors to capitulate and allowing prices to fall even lower.
IOTA continues to trade below the $0.2000 support level, which is not yet a critical concern. However, the current technical setup suggests that a deeper decline to $0.1000 remains a possibility. Despite this downside risk, a mid-term recovery toward $0.3000 appears to be a reasonable upside target if market conditions improve.
